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Armenia's 2020 government budget deficit to increase to 6.2% - central bank's report

30.12.2020 12:13

Armenia's 2020 government budget deficit to increase to 6.2% - central bank's report

YEREVAN, December 30. /ARKA/. Armenia's government budget deficit in GDP will increase by 4.8 percentage points in 2020, compared to last year, and will reach 6.2%, which is mainly due to tax cuts, according to the monetary policy program for the fourth quarter and the central bank's report on the implementation of monetary policy for the third quarter of this year.

“According to estimates, in 2020 tax revenues will significantly shrink in comparison with the indicator prescribed in the law on the state budget of Armenia for 2020. As a result, the ratio of taxes to GDP will be 22%, having decreased by 0.3 percentage points compared to 2019,” the report says.

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Over AMD 26.741 billion sent to government budget by Armenia’s banks in 1st H 2020

20.07.2020 19:39

Over AMD 26.741 billion sent to government budget by Armenia’s banks in 1st H 2020

All the 17 banks of Armenia are among the 1000 biggest taxpayers of the country. They have transferred more than 26, 741 billion drams to the government budget over a period between January and June 2020, according to the State Revenue Committee

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Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

31.10.2016 15:33

Economic growth is projected at 3.2% in Armenia’s 2017 draft government budget

In Armenia’s draft government budget for 2017, economic growth is projected at 3.2%, Karen Karapetyan, Armenian prime minister, said Monday while presenting the draft budget to the parliamentary commissions

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Armenia’s government budget revenue grows 0.9% and spending 5.3% in Jan-June 2016

04.08.2016 16:36

Armenia’s government budget revenue grows 0.9% and spending 5.3% in Jan-June 2016

Armenia’s government budget revenue grew 0.9% in Jan-June 2016, compared with the same period a year earlier, to more than AMD 539.5 billion, the National Statistical Service of Armenia reported on Thursday

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VTB Bank (Armenia) transfers AMD 2.024 billion to government budget in Jan-June 2016

02.08.2016 15:43

VTB Bank (Armenia) transfers AMD 2.024 billion to government budget in Jan-June 2016

VTB Bank (Armenia) has transferred about AMD 2.024 billion to the government budget over the first half of this year and became the second biggest taxpayer among the country’s commercial banks, the press office of the bank reported on Tuesday

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Budget deficit to amount to AMD 110.5 billion in 2014

28.09.2013 18:59

Budget deficit to amount to AMD 110.5 billion in 2014

Armenian Finance Minister David Sargsyan, presenting today the 2014 draft government budget to the Cabinet

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