Armenia to further increase defense spending
The Armenian Parliament adopted on December 4 the 2025 draft state budget. Armenia has increased it military budget for the next year to 6% of the projected GDP or $1.7 billion (664 billion drams). …
Armenian budget
Armenia to receive budget loan from World Bank
The World Bank will provide Armenia with a loan worth more than 90 million euros through the International Bank for Reconstruction and Development. The funds will be used to cover the budget deficit.
Armenian Parliament approves budget for 2024
Members of the Armenian parliament adopted the country's budget for next year. The budget deficit will amount to about 483 billion drams.
Armenia's budget hit record in 2022
The head of the State Revenue Committee of Armenia, Rustam Badasyan, said today that the budget of the republic received record revenues in the outgoing year. The country received 1.925 trln drams ($4.9 bln). According to …
Armenian parliament approves government budget for 2023
The Armenian parliament has approved today the government's budget for 2023 by a vote of 66 to 28. The budget was endorsed by lawmakers from the ruling Civil Contract party of Prime Minister Nikol Pashinyan. Lawmakers from the …
Armenia decides to save money on army
After the defeat of the Armenian army in the Second Karabakh War amid a severe economic crisis, the Armenian authorities are thinking about cutting the military budget. The relevant discussions are being held both in the government and in the …
Armenia comes up with new budget revenue item: payments from unwilling to serve in army
The deputy of the Armenian parliament from the ruling My Step faction, Hayk Sargsyan, proposed to introduce a legislative norm today, according to which those who do not want to serve in the army can pay about $ 20 thousand and serve only one …
Armenian Defense Minister on weapon purchased by country
The Armenian Armed Forces are buying mainly new weapons, Armenian Defense Minister Davit Tonoyan said during a preliminary discussion of the draft state budget for 2020.. “In 2019 and 2020, only new, modern …
Financing of Armenian Emergencies Ministry to increase by 17.2%
In 2020, it is scheduled to allocate AMD 2 billion 215 million from the state budget to the Armenian Ministry of Emergencies, Deputy Head of the Ministry of Emergencies Ara Nazaryan said, adding that the funding will be 17.2% …
Pashinyan: Armenia's budget revenues increase by 25.1%
Armenian Prime Minister Nikol Pashinyan said that state budget revenues have increased by 152 billion drams, or 25.1%, in the first half of 2019, as compared to the same period last year. "As a result, the …
Armenia's parliament adopts 2019 government budget
Armenia's National Assembly approved the government budget for 2019 at the meeting today. As many as 66 MPs voted for the budget, four voted against it and two abstained. MPs from the Republican Party of …
Pashinyan promises to introduce tax on oligarchs
Armenia's acting Prime Minister Nikol Pashinyan announced 'significant' changes in the budgetary policy of the government, saying his government’s budgetary and economic policies will be to encourage labor …
Armenia's parliament approves 2018 state budget
Armenia's National Assembly approved the final version of the draft state budget for 2018 with 64 votes in favor and 35 against. Expenditures and revenues for 2018: 1 trillion 308 billion drams in revenues, 1 trillion 307 …
Surprises of Armenian budget-2018
The draft budget contains both positive and negative moments for the country
Armenia's state budget deficit increasing
Armenia's state budget deficit will grow by 3.8% in 2018, as compared to the current year. The gross revenues of the country’s 2018 budget are projected to be 8% higher than this year’s indicator. At the same …
Armenian economy ministry guarantees 3.2% growth in 2017
Armenia’s minister of economic development and reforms Suren Karayan gave assurances that his agency will meet the 3.2% economic growth target set by the Government in its 2017 program. “We will secure …
Armenia's state budget bill adopted
The National Assembly of Armenia adopted the bill on the 2017 State Budget. The proposed law passed by a vote of 83 for, 24 against and one abstention, NEWS.am reports. The opposition voted against this bill. The MP …
Karapetyan: Armenia won't raise minimum salaries
According to Armenian Prime Minister Karen Karapetyan the authorities don't plan to raise minimum salaries in 2017. "This doesn't mean that we don't want to do it. We just can't do it right …
Vahagn Khachatryan: "Political tool needed to solve problems in Armenian economy"
An expert on economic issues on the draft budget and the economic situation
Armenia’s budgetary shortfall may amount to 75 billion drams
Armenia’s 2016 budgetary shortfall may reach 75 billion drams, ‘Haykakan Zhamanak" reports. The official data of the State Revenue Committee for the first eight months says that Armenia's tax revenues totaled …
