ArmInfo. As of September 29, the taxes collected in Armenia were about 180 million dollars more than the figure planned for January-September of this year. Chairman of the State Revenue Committee (SRC) of Armenia Rustam Badasyan stated this on September 29 at a government meeting.
"Already today it can be recorded that we have exceeded the program target for 9 months in the amount of 1334.9 billion drams by 75 billion drams," Badasyan said.
According to the approved state budget, state treasury revenues in 2022 will amount to 1 trillion 947.8 billion drams (24.7% of GDP), expenditures - 2 trillion 184 billion drams or 27.7% of GDP, and a deficit - 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 percentage points higher than in 2020). On June 23, the Armenian government revised its expectations for tax revenues in 2022, raising the bar by 40 billion drams (about $100 million).
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