Armenia one of the best regional performers in terms of tax-to-GDP ratio

11.06.2015 14:30
Armenia one of the best regional performers in terms of tax-to-GDP ratio

YEREVAN, June 10. / ARKA /. In terms of tax -to - GDP ratio Armenia is one of the best performers across the former Soviet Union, Armenian finance minister Gagik Khachatryan said on Wednesday during a parliamentary discussion on 2014 budget performance.

He said the actual tax-to-GDP ratio last year was 23.5%, up from the projected ratio of 23.23%. According to him, that figure was 2.85 percentage points higher as opposed to the previous year of 2013.

The minister said only another former Soviet republic of Belarus showed a better ratio of  about 30%.

According to official data, Armenia’s economy saw a 3.4% rise in 2014, down from the government’s projection of  5.2%. In terms of money, the 2014 GDP was worth about 4. 6 trillion drams or about $10.8 billion. (In 2014 the USD traded on average at  415.92 drams).- 0-


Read the news first and discuss them in our Telegram


Tags: , , Новости Армении АМИ Новости-Армения

Related Posts
Armenia’s national debt at the end of 2022 to make 60.2% of GDP – Minister of Finance says2021-10-25 22:24:28 Armenia’s national debt at the end of 2022 to make 60.2% of GDP – Minister of Finance says
Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister2021-10-25 22:23:10 Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister
In 2021, Armenia’s public debt/GDP ratio will be over 60% threshold- central bank2021-05-05 14:58:09 In 2021, Armenia’s public debt/GDP ratio will be over 60% threshold- central bank
Armenia’s public debt/GDP ratio comparable with developed countries, finance minister says2021-04-22 16:12:50 Armenia’s public debt/GDP ratio comparable with developed countries, finance minister says
World Bank: Armenia experienced one of region’s sharpest GDP contractions of .6 percent2021-03-31 17:37:45 World Bank: Armenia experienced one of region’s sharpest GDP contractions of .6 percent
Armenia’s per capita GDP in 2020 drops to $4,2692021-02-22 17:22:47 Armenia’s per capita GDP in 2020 drops to $4,269
Armenia’s per-capital GDP amounts to $ 1,212 in 3rd Q 20202020-11-25 16:37:46 Armenia’s per-capital GDP amounts to $ 1,212 in 3rd Q 2020
Level of Armenia’s public debt to GDP in 2020 to make 66.5 percent2020-11-17 21:39:49 Level of Armenia’s public debt to GDP in 2020 to make 66.5 percent
Armenia’s tax revenue for 10 months of 2020 amounts to AMD 1 trillion 134 billion2020-11-09 13:38:04 Armenia’s tax revenue for 10 months of 2020 amounts to AMD 1 trillion 134 billion

«
»