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March 29
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YEREVAN. – The collection of Armenia’s state budget has become a serious problem, and this means that the country’s economy faces a new crisis, Zhoghovurd daily reported.

“According to the NSS [Armenian National Statistical Service] data, the state budget revenues have increased by 2.3 percent in January-February 2014, as compared to the same period last year. But when we analyze the sources of the state budget revenue, a disturbing picture comes about.

“The taxes and fees make up 96.2 percent of the Armenian state budget, and the taxes and fees were collected 0.1 percent less, as compared to the previous year.

“The point is that the 2014 state budget is 100 billion drams [approx. $242,210,825] more, as compared to 2013, and this means that 9 percent more money had to be collected within the two months of this year than the year past. In the meantime, the collection of taxes and duties has dropped. 

“But that’s not all; the profit tax, excise tax, and customs duties likewise were collected less this year,” Zhoghovurd wrote.

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