ArmInfo. Tax revenues to the state budget will exceed the level planned for the first half of the year by about 60 billion drams. Prime Minister Nikol Pashinyan stated this at a government meeting on June 30.
In particular, according to him, now the volume of collected taxes exceeds the planned figure by 47 billion drams. Another 10 billion drams will be received from the common cauldron of customs duties of the Eurasian Economic Union, the prime minister noted. On May 18, in an interview with journalists, the head of the State Revenue Committee (SRC) of Armenia, Rustam Badasyan, expressed hope that the funds would be received by the end of May.
It should be noted that on June 23, the Armenian government revised its expectations for tax revenues in 2022, raising the bar by about $100 million. As RA Minister of Finance Tigran Khachatryan stated, as of June 22, tax revenues (tax revenues and state duty) amounted to approximately 911 billion drams, which is 30% more than last year's figure. Based on this, the government considered it appropriate at this stage to raise the bar on tax expectations by 40 billion drams.
According to the approved state budget, state treasury revenues in 2022 will amount to 1 trillion 947.8 billion drams (24.7% of GDP) or 17.5% (289 billion drams) more than in 2021, expenditures - 2 trillion 184 billion drams or 27.7% of GDP (184 billion drams more than the adjusted figure for the current year and 334 billion drams more than the approved figure for 2021), and the deficit will decrease by 6 billion 736.3 million drams - up to 236.2 billion drams. The lion's share of the revenue item of the state budget - about 95% - will be provided by tax collections (tax revenues and state duty). As a result, tax revenues will amount to 1 trillion 844 billion, against the actual 1 trillion 586.9 billion drams or 22.7% of GDP in 2021 (0.3% higher than in 2020).
