Yerevan/Mediamax/. Proceeds of Armenian state budget in the first quarter, 2010, increased by 17% and made 164.1bln AMD.

Mediamax reports that the Chairman of Standing Parliamentary Committee on Financial-Credit and Budgetary Affairs Gagik Minasyan informed today that the expenses in the accounting period increased by 10%, making 170.1bln AMD. The deficit of the budget made 6bln AMD, while the planned one for the first quarter was at the level of 38bln AMD.

According to Gagik Minasyan, if we compare the state budget of Armenia with the pre-crisis period, in the first quarter, 2010, there was 6% increase of incomes and 22% increase of expenses registered. According to him, this evidences the fact that the Armenian economy is gradually coming out of the crisis.

Commenting on discontent of the Prime Minister by the work of the State Revenue Committee, Gagik Minasyan described it as grounded. He stressed that the current level of tax collection is unsatisfactory, and one should take up serious measures to increase the proceeds. The MP informed that in the nearest future they plan serious reformation of the tax system of Armenia.