ArmInfo. This January-September, Armenia's consolidated budget revenues totaled AMD 1,412.1bln - AMD 77.2bln (5.8%) above the target (AMD 1,334.9bln).
During the period under review, budget tax revenues exceeded last year's revenues by AMD 274.8bln (24.2%) - an AMD 395.3bln (38.9%) increase as compared with 2020, an AMD 333bln (30.9%) increase as compared with 2019, and an AMD 524.4 increase (59.1%) in 2018.
Tax refunds totaled AMD 172bln - an AMD 39.7bln (30%) increase as compared with last year's indicators. As a result of distribution of import duties between the EAEU member-states, income tax revenues decreased by AMD 21.6bln or by 35% as compared with the corresponding period last year - from AMD 62.5 last January-September to AMD 40.9bln.
The share of taxes from incomes from mining operations was 8%, that of tobacco production was 3.7%, of banking and software, 3.1% each, of energy and gas supply 3%.
The share of VAT totaled AMD 468.1 against AMD 383bln last January-September (a 22% increase), followed by incomes taxes - AMD 348.5bln against AMD 318.4bln (a 9% increase), taxes on organizations' incomes - AMD 192.5bln against AMD 131.5bln last year (a 46% increase). State tax revenues totaled AMD 90.7bln against AMD 34.5bln last year (a 163% increase). Excise taxes totaled AMD 85.1bln against AMD 76bln last January-September (a 12% increase). Environmental taxes showed a 495 increase - from AMD 48bln last January-September to AMD 71.5bln this January-September. The turnover tax revenues increased from AMD 22.7bln to AMD 29bln (a 28% increase).
According to the 2022 draft budget, Armenia's budget revenues are to total AMD 1,947.8bln (24.7% of the GDP) or AMD 289bln (17.5%) more than last year. On-budget expenditures are to total AMD 2,184bln or 27.7% of the GDP - AMD 184bln more than the budgeted expenditures for this year and AMD 334bln more than last year). The budget deficit is estimated at AMD 236.2bln - AMD 6,736.3mln less than last year. 95% of the budget revenues will be ensured due to taxes and duties. The tax revenues are to total AMD 1,844bln against the actually recorded AMD 1,586.9bln or 22.7% of the GDP last year (0.3 percentage point more than in 2020).
