By Alexander Tagvoryan

YEREVAN, August 2–In the first half of 2010, Armenia’s state budget revenue amounted to 366.3 billion dram (the number doesn’t include the funds received through targeted programs financed by international organizations and foreign countries), while the expenditures amounted to 383.2 billion dram.

Compared to the same period in 2009, the budget revenues increased by 21.9 percent (or 65.9 billion dram).

During the first half of 2010, revenue from taxes and duties amounted to about 286.2 billion dram.

In the structure of tax revenues of the state budget, the revenues from VAT amounted to about 142.6 billion dram and provided about 49.8 percent of all revenues from taxes and duties. This figure is 36.1 percent (or 37.8 billion dram) more than the same indicator in 2009.

Yerevan Report