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YEREVAN, JULY 4, ARMENPRESS. Armenia’s state budget revenues have increased by 7.2% or over 32.3 billion AMD in January-May 2017 compared to the same period of 2016, Armenpress reports citing the Finance Ministry’s January-May state budget report.
The increase is linked with the increase of tax and other revenues.
94.8% of the state budget revenues has been formed at the expense of tax revenues and state fees, 4.5% at the expense of other revenues and 0.7% at the expense of official grants.
In January-May 2017 the state budget entries amounted to more than 455.5 billion AMD tax revenues and state fees ensuring the half-year program by 82.7%. Compared to January-May 2016 taxes and fees increased by 8.4% or 35.4 billion AMD which is mainly related with increase of value added tax, environmental payments, income tax, excise tax and customs duty entries.Compared to the same period of the previous year a growth in terms of all types of taxes has been recorded, whereas in terms of profit tax and state fee decrease has been registered.