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Armenia’s budget deficit in 2021 may be less than projected

15.12.2020 17:04

Armenia’s budget deficit in 2021 may be less than projected

YEREVAN, December 15. /ARKA/. Armenia’s budget deficit will be about 300 billion drams in 2021, however, it may be less than projected, Armenian Economy Minister Vahan Kerobyan said yesterday in an interview with Azatutyun Radio.

"I believe that we will get by with less, because my plan is higher economic growth than the budget has planned. And, of course, as a businessman, I also see a place to optimize resources in my department, and

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IMF says SDR 25.714 million (around US$36.7 million) will become available for Armenian budget support after Board meeting

20.11.2020 19:17

IMF says SDR 25.714 million (around US$36.7 million) will become available for Armenian budget support after Board meeting

An IMF team reached staff level agreement with the Armenian authorities for the completion of the third review under the program supported by an IMF Stand-By arrangement, IMF said in a press release

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Armenia's 2021 draft budget earmarks 215 billion drams as capital expenditure

17.11.2020 21:38

Armenia's 2021 draft budget earmarks 215 billion drams as capital expenditure

Armenia’s draft 2021 state budget earmarks 215 billion drams or 3.2% of GDP as capital expenditure, Finance Minister Atom Janjughazyan said on Tuesday

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Crackdown on corruption and shady dealings have brought $1.1 billion to Armenia’s government budget since 2018 - Pashinyan

07.04.2020 10:03

Crackdown on corruption and shady dealings have brought $1.1 billion to Armenia’s government budget since 2018 - Pashinyan

The steps taken by the Armenian government, including those measures aimed at rooting out corruption and shady dealing, have brought $1.1 billion to the country’s budget since 2018 increasing the budget revenue by 40%, Prime Minister Nikol Pashinyan said Monday while answering citizens’ questions in a live broadcast

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Armenian banks' transfers to government budget built up 12.3% in 2019

01.02.2020 14:37

Armenian banks' transfers to government budget built up 12.3% in 2019

All the banks operating in Armenia have found themselves in the State Revenue Committee’s list of the 1,000 biggest taxpayers of the country. They have sent AMD 54.6 billion to the government budget in 2019 against AMD 48.6 billion a year before

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Armenia to stop taking loans for financing its budget deficit - finance ministry

12.12.2019 14:49

Armenia to stop taking loans for financing its budget deficit - finance ministry

In 2020, Armenia will stop taking loans for financing its budget deficit, Armenian Deputy Finance Minister Armen Hayrapetyan said Thursday at an extraordinary session of the National Assembly

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Armenia to receive $152 million in budget support loans

12.12.2019 14:48

Armenia to receive $152 million in budget support loans

Armenian Deputy Finance Minister Armen Hayrapetyan, speaking Thursday at an extraordinary session of the National Assembly, said Armenia will attract budget-supporting loans totaling $152 million (around €131.4 million).

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Armenia to get €45.8 million budget assistance loan from IBRD

15.11.2019 10:56

Armenia to get €45.8 million budget assistance loan from IBRD

The International Bank for Reconstruction and Development (IBRD) will provide Armenia with a budget assistance loan worth €45.8 million, First Deputy Finance Minister Karen Brutyan said during a government meeting on Thursday

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Armenian government's 2020 budget deficit set at 183 billion drams

28.10.2019 18:52

Armenian government's 2020 budget deficit set at 183 billion drams

The draft 2020 budget of the Armenian government projects a deficit to the tune of 183 billion drams or 2.6% of the GDP, Minister of Finance Atom Janjugazyan said today during a discussion of the draft budget by parliamentary standing committees

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4.9% GDP growth projected in Armenia's 2020 draft government budget

28.10.2019 18:46

4.9% GDP growth projected in Armenia's 2020 draft government budget

At Armenia’s government budget for 2020, GDP growth is projected at 4.9%, Finance Minister Atom Janjughazyan said Monday at the discussion of the government budget at the National Assembly’s standing committees. In the 2019 government budget, economic growth is projected at 4.9% and inflation at 2.7%

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