Tax and other revenues in Armenia’s state budget made AMD 674.4 billion in 2009, which is 16.4% less compared to the previous year, RA Ministry of Finance says in its 2009 report.
According to the document submitted Wednesday by RA Finance Minister Tigran Davtyan, tax revenues and duties comprised AMD 522.4 which is 15.9% less in comparison with 2008. In the meantime, tax/GDP ratio made 16.6%, having decreased by 0.4% compared to the previous year.
Due to the financial-economic crisis, the 2009 budgetary deficit in GDP sector made 7.4%.
In 2009, all state government bodies’ funding requests were fully met.
On January 20, 2010, Armenian Government started discussions over Ministries’ 2009 activities.
By the recommendation of Prime Minister Tigran Sargsyan, reports will cover the activities accomplished, as well as the results, drawbacks and reasons for failure to perform duties.
The reports will be available on ministries and relevant state agencies’ websites.
