This January-September, Armenia’s state budget revenues totaled 566.6 billion AMD, with on-budget expenditures totaling 595 billion AMD - 109.8% and 93.2% under the 9-month program respectively.

As regards the annual program, the budget revenues showed 77.7% performance and on-budget expenditures 69.4%. This January-September Armenia’s budget revenues increased by 91.4 billion AMD (19.2%) a compared with the corresponding period last year. Ta revenues, state duties and compulsory social security payments increased by 80.2 billion AMD (18%), official grants increased by 2.9 billion AMD (97.1%) and other revenues, by 8.3 billion AMD (30.5%). The share of tax revenues, state duties and compulsory social security payments constituted 97.2% of the total budget revenues. The share of other revenues is 6.3% and that of official grants is 1%. According to Point 11, Article 9 of the RA Law on 2010 state budget, the state budget also included extra-budgetary funds of government agencies, with their incomes totaling 14.1 billion AMD.

This January-September, on-budget expenditures totaled 595 billion AMD - 93.2% under the 9-month program. Current expenditure totaled 534.8 billion AMD, and operations with nonfinancial assets 60.1 billion AMD. During the period under review, expenditures from government agencies’ extra-budgetary funds totaled 10.5 billion AMD. This January-September, on-budget revenues increased by 26.2 billion AMD (4.6%) as compared with the corresponding period last year. The main reason for increased on-budget expenditures is increased financing of the national debt and grants, as well as a lower yield of nonfinancial assets.

This January-September Armenia’s state budget deficit totaled 28.4 billion AMD against the planned 122.3 billion AMD, as well as against 93.5 billion AMD in the corresponding period last year. A total of 39.2 billion AMD were attracted from internal sources for financing the budget deficit, external financing totaling 10.8 billion AMD