Budget revenues increased in January

In January 2014, the state budget revenues and expenditures totaled 80,3 billion and 47,7 billion drams, respectively.

Budget revenues increased by 6,7 percent /or 5,1 billion drams/as compared to January 2013, which is mainly due to the increase in income tax and other revenue. 91.1 percent of the state budget revenues were accumulated from tax revenues and fees and 8.9 percent from other revenues.

In the first month of the year, the fulfillment of the government’s first quarter program totaled 33.5 percent and 18.3 percent in terms of revenues and expenditures, accordingly.

During the reporting period, income tax and state duties totaling 73.1 billion drams entered into the state budget, showing an increase of 2.6 percent as compared to the same period in 2013, reports the Armenian Ministry of Finance.