AMD 19 billion sent to Nagorno-Kaarbakh Republic’s budget in Jan-Oct 2011

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Economy

04.11.2011, 03:46

Nagorno-Karabakh Republic’s budget received AMD 18 935.6 million in Jan-Oct 2011 as tax, duty and obligatory social payments.

STEPANAKERT, November 3. /ARKA/. Nagorno-Karabakh Republic’s budget received AMD 18 935.6 million in Jan-Oct 2011 as tax, duty and obligatory social payments.

According to the information available on Karabakhi tax agency, this result exceeds the planned amount by 2.9%.

In Jan-Oct 2010, the budget performance exceeded the projected indicator by 11% or AMD 1878.9 million.

Tax and state duty revenues totaled AMD 13702 million in Jan-Oct 2011 against projected AMD 13384 million, while at the same period a year earlier, performance was 11.5% higher than the projected indicator.

According to the report, AMD 5233.6 million came to the budget in Jan-Oct 2011 as obligatory social pays (by AMD 213.6 million more than projected), while the Jan-Oct 2010 plan was overfulfilled by AMD 468.8 million. ($1 = AMD $378.98). –0—

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