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#FISCAL

Economy

Armenia's state budget deficit to rise to 5.5% of GDP in 2025 - Fitch

Armenia's state budget deficit will increase to 5.5% of GDP in 2025 from 4.7% in 2024, reflecting expansionary fiscal policy, Fitch Ratings said in a report.

29.01.2025, 10:07

Economy

Armenia's budget deficit to grow to 4.5% of GDP in 2024 and drop to 2.9% in 2025 - Fitch

Armenia will sharply expand fiscal spending in 2024 in order to integrate the large refugee influx from Nagorno-Karabakh, according to an analyses by Fitch Ratings.

29.01.2024, 13:43

Economy

The 2024 fiscal policy is to ensure 7% growth- says Armenian Central Bank head

Armenian Central Bank's fiscal policy in 2024 will be to ensure 7% growth, the regulator's chairman Martin Galstyan said today speaking at a parliamentary discussion on next year's draft budget.

30.10.2023, 15:32

Economy

S&P upgrades Armenia To 'BB-' From 'B+' On Robust Growth And Improved Fiscal Position; Outlook Stable

After a stellar year for Armenia's economic output in 2022, the growth is expected to slow but remain at a robust 7.5% in 2023, S&P Global Ratings said as it raised August 25 its long-term foreign and local currency sovereign credit ratings on Armenia to 'BB-' from 'B+' and affirmed its short-term foreign and local currency sovereign credit ratings at 'B'.

28.08.2023, 09:09

Business

Influx of immigrants boosted Armenia’s fiscal performance in 2022 -Fitch Ratings

An influx of immigrants (estimated by the authorities at about 65,000) from Russia, Ukraine and Belarus, representing a 2.2% annual increase in the population, has boosted external as well as macroeconomic and fiscal performance, according to Fitch Ratings’ revised Outlook.

12.02.2023, 19:12

Economy

Armenian government will not contain inflation to detriment of economic growth

The Armenian government will implement its fiscal policy as projected by the 2022 budget and will not resort to special measures to restrain the prices, Finance Minister Tigran Khachatryan said today to an emergency meeting of the parliamentary committee on fiscal policy.

21.03.2022, 15:52

Economy

Armenia's government to implement fiscal consolidation to reduce public debt/GDP ratio

Before 2026 Armenia's government will implement fiscal consolidation to reduce the ratio of public debt to GDP, Finance Minister Atom Janjughazyan said on Tuesday during a meeting of the parliamentary committee on financial and budgetary issues.

27.04.2021, 14:42

Economy

Fitch Ratings: reducing external vulnerabilities is a positive rating sensitivity for Armenia

Improved economic policy frameworks have helped Commonwealth of Independent States (CIS) and Black Sea sovereigns recover from the 2014 commodity price slump and Ukraine crisis, Fitch Ratings says in a new report.

12.02.2020, 16:20

Economy

Ex finance minister: Armenian government's monetary and fiscal policies not designed for long term development

Armenian government's monetary and fiscal policies are not designed for long term development, which may affect economic development in the coming years, a former finance minister Vardan Aramyan told reporters on the sidelines of an economic conference in Yerevan today.

09.10.2019, 16:21