Yerevan/Mediamax/.   As of January-July 2012, the revenues of the Armenian state budget made AMD 505.5bln and expenditures - AMD 516.7bln which ensured the accomplishment of the governmental 9-month program by 76.6% and 72.4% respectively, stated the Deputy Minister of Finance of Armenia, Chief Treasurer Atom Janjugazyan today.


He said that as compared to the same period of 2011, the revenues of the state budget grew by 4.9% or AMD 23.4bln which mostly resulted from the growth in the tax payments (taxes, state tariffs and social benefits made 94.3% of the state budget revenues and other revenues made 5.3% and 0.4% are official grants).


The collected taxes, state dues and fees and social benefits increased by 7.1% or AMD 31.7bln as of January-July which is mainly conditioned by the growth in the revenues in the value added tax, income tax, corporate income tax, ecological charges and excise duty, according to Janjugazyan.

Expenditures of the Armenian state budget grew by 4.9% or AMD 23.9bln as of January-July 2012. As of Atom Janjugazyan, the external funding of AMD 11.1bln state budget deficit made AMD 30.4bln and the domestic funding had a negative index (AMD -AMD 19.4bln) as of January-July

\"The state debt is within the planned limits and is fully controlled, payments made by state structures are done in due time and fully. The state budget doesn\'t need to be reviewed due to the course of its execution\", said Atom Janjugazyan.

Commenting on the forecasts made by Fitch agency on the refinancing of IMF  debt by the Armenian government, the Chief Treasurer stated that Armenia\'s debt to IMF is relatively tough and the government has always strived to restructure it. \"We have had such a practice of debt re-structurization for several years and now we\'re working on it\", said Armenia\'s Chief Treasurer.
   
Commenting on the question whether Armenia suffered from the fixation of LIBOR interest rate a number of international banks are accused of, Atom Janjugazyan stated that within Armenia\'s external debt, only the debt to Russia at USD 500mln which makes only 13.4% of the country\'s external debt is linked to LIBOR interest rate (as of July, Armenia\'s state debt makes USD 4 252mln and USD 3708mln is the external debt).