Budget incomes and expenses increased in Armenia

Budget incomes from January to November in 2010 have made a total of 690.2 billion Armenian drams (approx. $1.9 billion) in Armenia, while the expenses stood at more than 742.6 billion drams (approx. $2 billion).

The data indicate that the planned indices for budget incomes and expenses have been performed by 93.6% and 85.8%, respectively.

According to a press release by Armenia's Ministry of Finance, compared to the same period of 2009 the budget incomes have increased by 14.3% or by 86.3 billion drams (approx. $277 million).

At the same time, tax revenues, state fees and mandatory social insurance fees have increased by 13.6% or by 76.5 billion drams (approx. $239 million).

State-sponsored grants have increased by 82.9% or by 2.7 billion drams (approx. $74 million), and other incomes have increased by 19.6% or by 7.1 billion drams ($19.5 million).