Armenian government budget revenue grows 24.7% in 1st Q 2019

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YEREVAN, July 23. /ARKA/. Tax revenue in Armenia’s government budget grew 24.7% in the first quarter of this year, compared with the same period a year earlier, the press office of the State Revenue Committee reported on Monday.

According to the report, AMD 713.4 billion (around USD 1.5 billion) came to the budget as taxes and state duties in Jan-June 2019 against the AMD 571.8 billion (USD 1.2 billion) of the same period a year before.

The tax inflow intensified in the 1st Q 2019 mainly due to an increase in value added tax, income tax and profit tax receipts.

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