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Time in Yerevan: 11:07,   29 March 2024

Armenia’s state budget performance indicators grow – SRC presents results

Armenia’s state budget performance indicators grow – SRC presents results

YEREVAN, OCTOBER 16, ARMENPRESS. Armenia’s state budget performance indicators have increased in the 9 months of 2019 compared to the same period of 2018, Chairman of the State Revenue Committee Davit Ananyan told reporters today, stating that in the 9 months of 2018, the budget performance has been 880 billion 700 million AMD. But in the 9 months of 2019 this figure was 1 trillion 79 billion, in other words the budget performance has been overfulfilled by 21.6%.

There is a positive dynamics in the direction of the VAT and income tax return. In the 9 months of 2018 this number was 72.5 billion drams, whereas in the same period of 2019 it reached 86.7 billion drams.

“This means that here we have a positive dynamics in the return volumes of taxes to the business or taxpayers”, he said.

The SRC chief also commented on the debates over the overfulfillment of the 62 billion drams which has been presented while summing up the performance indicators of the first half of 2019.

“As you know, we have stated that we have ensured the planned 62 billion drams for the year in the first half, but this doesn’t mean that the same rates will be maintained. If you remember that the figures of the second quarter were predicted to be very modest, than in the third quarter. We have said that there may be a reduction of 20-25 billion drams in the third quarter in the overall overfulfillment figure, but in the 4th quarter the so-called “underfulfillment” indicator will be overcome. So what do we have now? The 62 billion drams as it has been planned exists now and is fulfilled as expenditure by the state budget. And if we predicted 20-25 billion AMD underfulfillment in the third quarter, we see that this number has been approximately 10 billion AMD. In other words, the rates are much better than we could imagine while summing up the results of the first half”, he said.

The SRC Chairman informed that in the 9 months of 2019 the tax revenues amounted to 1 trillion 61 billion 500 million AMD.

Edited and translated by Aneta Harutyunyan

 








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