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Official News

Thursday, 5 April 2012

Revenue Program Successfully Completed

A Cabinet sitting was held today, chaired by Prime Minister Tigran Sargsyan.

To begin with, the head of government reported back revenue collection performance for the first quarter of 2012: “Since the question of fiscal receipts was the subject of heated debate in 2011, with some concerns expressed about the revenue side of the budget, I would like to brief you on the results of the first quarter of 2012. We have complied with the proposed program and even overrun the targets set for tax and customs duty collection, as well as for social security payments. We have collected AMD 177 billion, 7, 570 billion more than last year. Thus, the program is complete, and I am convinced that we can maintain the pace until the end of the year,” the Prime Minister said.

The government approved a program and an action plan for Gyumri technopark activities in 2012, providing the breakdown of expenditures for those 163 million drams allocated from the State budget.

In this connection, Prime Minister Tigran Sargsyan highlighted the fact that laboratories are already operational in the technopark: “The private sector seems to be highly interested in the project. We are allocating resources for the Park to implement joint projects with the private sector. This means that we can proceed to the construction of the necessary buildings in the month of May,” the head of government emphasized.

The government amended three of its previous decisions to enhance efficiency and improve performance in the sector of precious metals. The amendment affects the inventory of documents and other requisites to be produced while licensing hallmarking activities and so on.

The next decision tends to curb the red tape and simplify the rules for trade organizations’ certification. Another amendment was made to address the existing irregularities and streamline the licensing process for railroad operators.

The government decided to allocate AMD 1bn to the Ministry of Territorial Administration to be forwarded to the City Hall of Yerevan for the design and construction of hothouse facilities in the capital city. As a result, favorable conditions will be available for investment program implementation. Round-the-clock plant-raising facilities will be set up next to the TPP, generating several new jobs.

In order to support Armenia’s ethnic minorities, AMD 10mn was allocated to the Government Staff for transfer to “Ukraine” Federation of Armenia-based Ukrainians NGO. The amount will be used by minority-specific NGOs to implement different projects.

October 2020