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Economy

Armenia's 2025 budget introduces mechanism for carrying over unrealized capital expenditures to next year - Finance Ministry

For the first time, a mechanism for carrying over unrealized commitments on contractual capital expenditures to the next budget year has been introduced in Armenia's 2025 state budget, Finance Minister Vahe Hovhannisyan said.

24.03.2025, 16:35

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

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

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