YEREVAN. - The report on Finance Ministry’s activities, priority issues and Action Plan for 2015 were discussed at the Armenian Government today. The discussion was chaired by PM Hovik Abrahamyan. 

Finance Minister Gagik Khachatryan noted that in 2015 the tax and budgetary policy was aimed at maintaining the macroeconomic stability, special attention being attached to the policy of promoting economic growth. According to the Minister, in contrast to other countries of the region, last year it was possible to ensure necessary financial flows without any deviations from the plan.

In 2015, Armenia’s tax revenues constituted 1 trillion 65 billion AMD, which is 0.3 percent more as compared to 2014, Gagk Khachatryan reported. The budgetary expenses constituted 1 trillion 253 billion AMD, which is 10.6 percent more than in 2014.

In the framework of the cooperation between EEU states, a program insurance module was introduced last year for the purpose of information exchange and customs duty accounting.

Besides, work aimed at the improvement of tax and customs legislations continued, and the draft Tax Code was drawn out.

According to Khachatryan, the legislative changes aimed at attracting investments and improving business climate.

The PM positively assessed the Ministry’s work, noting that due to joint efforts it was possible to overcome the difficulties resulted in geopolitical circumstances in 2015.

He also attached importance to raising the productivity of further expenses.