Armenian government's expendatures exceed revenues

The press service of the Armenian Ministry of Finance reported that the annual budget was thus executed 39.9% and 47.6% respectively.

In the fist half of 2009, budget revenues decreased by 55bln AMD (13.3%) as compared with the corresponding period last year.

Specifically, budget revenues taxes and duties showed a decrease of 61.5bln AMD (18.1%). Official grants exceeded 2.7bln AMD (a decrease of 3.1%).

During the period under review, compulsory social insurance payments and other budget revenues registered an increase of 1.7bln AMD and 4.8bln AMD or 3.2% and 31.5% respectively. Foreign donor provided a total of 242.5bln AMD to Armenia in credit funds. Specifically, the Russian Government provided 185.1bln AMD, and the International Monetary Fund (IMF) 57.4bln AMD.

/News.am/