Haykakan Zhamanak: Budget revenues underperformed in Jan-Feb 2015

The current economic situation in Armenia causes problems in terms of budget collection, Haykakan Zhamanak reports. According to the newspaper, the budget revenues underperformed by about 8bn drams in January-February 2015.

“To fulfill the budget, the State Revenue Committee needs to collect 5 percent more taxes. But this year the revenues are less than last year. The biggest underperformance was observed in the collection of VAT,” the newspaper notes.