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Society

Armenia's 2025 state budget allocates 905 billion drams for social expenditures - Ministry of Finance"

According to the draft state budget for 2025, social protection expenditures in Armenia will amount to 905 billion drams, representing a 14.9% increase compared to 2024.

28.10.2024, 11:56

Economy

Armenian Finance Ministry introduces a mechanism for assessing efficiency of state expenditures

The Armenian Ministry of Finance is introducing an evaluation and monitoring mechanism, designed to assess the efficiency of state expenditures, which has not been done so far, Finance Minister Vahe Hovhannisyan said on Wednesday.

31.01.2024, 18:55

Economy

WB says Armenian government's expenditures bound to increase in remaining months of 2023

Armenian government's expenditures are bound to increase in the remaining months of the year, owing to the acceleration in current spending to address the refugee crisis following the sudden inflow of ethnic Armenians from Nagorno-Karabakh (about 3.4 percent of the country’s population), the World Bank's says in its 'Armenia Monthly Economic Update – October 2023.'

01.11.2023, 13:53

Economy

Armenia's capital expenditures to increase 49% in 2023, reaching 5.9% of GDP

Capital expenditures, earmarked by Armenia's draft 2023 budget are to increase by 49% in 2023, reaching 5.9% of GDP, Armenian Finance Minister Tigran Khachatryan said during hearings on the state draft for the next year in the parliament.

31.10.2022, 13:15

Economy

Finance minister: in 2021 Armenian government recorded highest ever capital expenditure execution rate

Capital expenditure execution rate in 2021 was 92.3% or 218 billion drams, Finance Minister Tigran Khachatryan said at a governmental session on Thursday.

31.03.2022, 18:17

Society

Armenia’s aggregate social expenditures increase by more than 20% to 9% of GDP, according to National Statistical Committee

Armenia’s aggregate social expenditures have increased by more than 20%, reaching 9% of GDP, according to a report released by the National Statistical Committee (NSC).

02.12.2021, 19:17

Economy

Ratio of Armenian government's capital expenditures to GDP grew to 2.9% in 2019

The ratio of the Armenian government's capital expenditures to GDP increased in 2019, Minister of Finance Atom Janjughazyan said on Friday, when speaking at National Assembly's hearings on 2019 budget execution.

05.06.2020, 16:50

Economy

Pashinyan: capital expenditure efficiency is the key to curbing the crisis

Armenian Prime Minister Nikol Pashinyan chaired a consultation today, convened to discuss progress in infrastructure and house-building-related capital programs, the government press office said.

29.04.2020, 18:57

Economy

Bright Armenia criticizes government for failure to fulfill capital expenditures

The Bright Armenia opposition parliamentary faction criticized today the government for the failure to fulfill the projected capital expenditures, when the parliament was debating a draft budget for 2020.

15.11.2019, 19:24