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Wednesday, February 19, 2025
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Yerevan Municipality exceeded revenue plan for 2024 by 13.1%, bringing revenue to AMD 71.1 billion

20.01.2025, 13:31
In 2024, the Yerevan Municipality collected 71.1 billion drams in its own revenues, exceeding the planned 62.9 billion drams. This was announced at a working meeting of the Yerevan Municipality on Monday.
Yerevan Municipality exceeded revenue plan for 2024 by 13.1%, bringing revenue to AMD 71.1 billion

YEREVAN, January 20. /ARKA/. In 2024, the Yerevan Municipality collected 71.1 billion drams in its own revenues, exceeding the planned 62.9 billion drams. This was announced at a working meeting of the Yerevan Municipality on Monday.

According to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department of the Yerevan Municipality, the plan was thus exceeded by 13.1%, or 8.2 billion drams.

The collection rate for tax revenues from the administrative districts of Yerevan amounted to 99.3%, while non-tax revenues stood at 97%.

At the same time, in 2024, the municipality managed to collect 21.4 billion drams more in its own funds compared to 2023.

According to the approved draft budget of Yerevan for 2025, the revenues of the Armenian capital are projected to reach nearly 159.4 billion drams. ($1 = 398.94 drams)