Armenia budget revenues up by 7.2%: finance ministerMarch 22, 2017 - 14:46 AMT PanARMENIAN.Net - Government budget revenues grew by 7.2% in January-February 2017 due to a 9.7% hike in tax revenue, Armenian finance minister Vardan Aramyan told reporters on Wednesday, March 22. The indicator of economic activity, according to preliminary data, surged by 6.2% in the first two months of 2017 against the same period last year. According to Aramyan, an increase in tax revenue has been registered due to growing GDP, excise duty and environmental fees, which were up by 12.2%, 14.5% and 2.7 times, respectively. On the other hand, budget expenditures rose by just 1.6% in January-February, resulting in an AMD 0.6 billion (apx. $1,24 million) surplus, he said. Four sectors secured economic growth in the reporting period - industry, agricultural production, trade and service sector. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |