The United States Agency for International Development (USAID/Armenia) is launching a new five-year project to advance tax reforms in Armenia. The Tax Improvement Project (TIP), which is being implemented through a contract with Booz Allen Hamilton, will focus on improving the management of the State Tax Service (STS) in order to raise Armenia's tax/GDP ratio. Building on the impressive growth of Armenia's economy for the past three years, USAID/Armenia will work with the STS to increase tax revenues, thus providing the state with additional funds for health, education and other critical expenditures. While the project's emphasis will be on tax administration, TIP will also work on tax policy as well as on providing the Armenian public with greater information on the tax system, Mediamax agency reports.