Armenia's draft state budget for 2026 aims to maintain macro-fiscal stability – IMF
YEREVAN, October 17. /ARKA/. Armenia's draft 2026 budget targeting a deficit of 4.5 percent of GDP, aims to preserve macro-fiscal stability while supporting Armenia’s priority spending needs, including on social protection, security, health, education, and infrastructure, the International Monetary Fund (IMF) said in a statement following the visit of the Fund's mission led by Alexander Timan to Yerevan from September 17-30.
'Over the medium term, careful expenditure prioritization alongside tax policy efforts and strengthened revenue administration will continue to support a gradual fiscal consolidation to maintain debt at a moderate level,' it said.
According to the IMF, reforms to strengthen medium-term fiscal planning, enhance public financial management—including through robust fiscal risk management and transparency—and bolster the public investment management framework remain critical to support fiscal efforts.
On September 25, the Armenian government approved the country's draft state budget for 2026. It projects GDP growth at 5.4%, revenues at 3.9 trillion drams, spending at 3.6 trillion drams, and a deficit of 537 billion drams, or 4.5% of GDP. ($1 = 382.59 drams).-0-
