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LAW OF THE REPUBLIC OF ARMENIA

of December 19, 2015 No. ZR-170

About the government budget of the Republic of Armenia of 2016

Accepted by National Assembly of the Republic of Armenia on December 9, 2015

Article 1

Take into consideration that:

The consolidated budget of the Republic of Armenia for 2016 will constitute 1):

and. as regards the income - 1, one billion dram (without receipts received from the interbudget transfers),

. as regards expenses - 1, one billion dram (without interbudget transfers),

century deficit - 192.3 billion dram.

Budgets of communities of the Republic of Armenia of 2016 will constitute 2):

and. as regards the income - 130.7 billion dram (including the official grants received from the government budget),

. as regards expenses - 132.3 billion dram,

century deficit - 1.6 billion dram.

Article 2

Approve the government budget of the Republic of Armenia of 2016:


The amount (in thousands of dram)

1. As regards the income

 1,186,250,114.5  

2. As regards expenses

1,376,993,040.5  

3. Deficit

190,742,926.0   

Article 3

To allocate the following funds for financing of central government budget deficit of the Republic of Armenia of 2016:

Sources of financing of central government budget deficit

The amount (in thousands of dram)

In total

190,742,926.0  

Including,


and. internal sources

68,088,658.9   

B. external sources

122,654,267.1  

Article 4

To Central Bank of the Republic of Armenia – in wounds of the competences assigned by the law during 2016, making decisions on monetary policy, to be guided by target indicator of 12-month inflation in admissible interval of fluctuations 4 +/-1.5 percent points.

Article 5

To the government of the Republic of Armenia and the Central bank of the Republic of Armenia – to perform financing of central government budget deficit of the Republic of Armenia by the Central bank of the Republic of Armenia within fiscal year 2016 exclusively according to the procedure, established by the Law of the Republic of Armenia "About the Central bank of the Republic of Armenia".

Article 6

Approve the income of the government budget of the Republic of Armenia of 2016, on separate groups of classification of sources of forming, in the following sizes: 

Income of the government budget

The amount (in thousands of dram)

In total

1,186,250,114.5

including,


Tax income and state fees

1,129,000,000.0

Official grants

31,490,999.8  

Other incomes

25,759,114.7  

Article 7

Approve assignments from the government budget of the Republic of Armenia of 2016, on functional classification of budgeted expenses, in the following sizes:

Section

Group

Class


The amount (in thousands of dram)




In total expenses

1,376,993,040.5




Including,


01



Public services of general nature

264,850,568.2  




including:



01


Legislative and executive bodies, public administration, financial and tax and budget relations, external relations

86,136,066.0   



01

Legislative and executive bodies, public administration

23,059,417.6



02

Financial and tax and budget relations

48,361,526.9   



03

External relations

14,715,121.5   


03


Services of general nature

4,656,016.9    



01

Services of general nature as regards the device (personnel)

749,097.9      



02

Services of general nature in planning and statistics

2,722,360.2    



03

Other services of general nature

1,184,558.8    


04


Research work of general nature

10,854,437.2   



01

Research work of general nature

10,854,437.2   


05


Research and project works in public services of general nature

1,565,753.0    



01

Research and project works in public services of general nature

1,565,753.0    


06


The services of general nature (which are not belonging to other classes)

11,337,022.7   



01

The services of general nature (which are not belonging to other classes)

11,337,022.7   


07


Transactions on public debt

100,616,578.4  



01

Transactions on public debt

100,616,578.4  

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