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Armenia's state budget deficit to rise to 5.5% of GDP in 2025 - Fitch
... 2025 from 4.7% in 2024, reflecting expansionary fiscal policy, Fitch Ratings said in a report. YEREVAN, January 29. /ARKA/. 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. “This includes integration costs for some 65,000 refugees from Nagorno-Karabakh and higher military spending,” the report said. Fitch analysts also point out that the planned introduction of a universal health insurance program from 2026 will increase spending by about 1.3% of GDP/year, with the deficit remaining at 5.4% of GDP ...
01/29/2025Armenia’s draft budget for 2023 earmarks 506 billion drams for military spending
Armenia’s draft budget for 2023 earmarks 506 billion drams for military spending, representing a 35% rise from the 2022 allocation. YEREVAN, October 31. /ARKA/. Armenia’s draft budget for 2023 ... ... education will reach 209bln drams (2.2% of the projected budget), which is 13% more than the 2022 budget allocation. Spending on health care will total 149 billion drams (1.6% of the projected GDP), which is 4% more than the figure for the current year. According ...
10/31/2022IMF: Armenia's recovery is likely to be protracted
... by Nathan Porter, held virtual staff-level discussions with the Armenian authorities during April 6–21, 2021 to discuss recent ... ... economy has been severely affected by the COVID-19 pandemic and military hostilities. GDP dropped by 7.6 percent in 2020 reflecting ... ... government support to vulnerable firms and households and higher health spending, with government debt ending 2020 at about 63½ percent ... ... prioritized within the existing 2021 spending envelope. The 2021 budget deficit—5¼ percent of GDP—appropriately balances the ...
04/22/2021Sarkissian to convene extraordinary meeting of Hayastan All-Armenian Fund's Board of Trustees
Armen Sarkissian, Armenian president and head of the board of trustees ... ... importance of effective, responsible and targeted spending of funds collected and transferred to the ... ... from September 27 to November 9 was subjected to the military aggression of Azerbaijan, started on the day ... ... funds be used to finance infrastructure, social and health expenses due to martial law. All funds were ... ... especially considering that donations to the state budget were made on the basis of the decision of the ...
02/17/2021IMF expects Armenia's real GDP to decline by over 7 percent in 2020
An IMF team reached staff level agreement with the Armenian authorities for the completion of the third ... ... (around US$36.7 million) will become available for budget support after the Board meeting. According to ... ... been hard hit by the COVID-19 pandemic and the worst military confrontation since the early-1990s and is ... ... most vulnerable while ensuring the adequate public health response to the second COVID-19 wave. As the ... ... temporary support measures. “Lower revenues and higher spending on healthcare, socio-economic support, and ...
11/20/2020Pashinyan:We celebrate the New Year with high spirits, stronger self-confidence, and renewed faith in our own strengths and our future
... January 1, /ARKA/ Dear people, proud citizens of the Republic of Armenia, proud citizens of the Republic of Artsakh, pProud Diaspora ... ... repaired in Armenia as in 2015, 16, 17 altogether. Salaries of the military, rescuers, teachers, foresters, many health workers have increased, pensions, benefits and the minimum ... ... unprecedented volumes beyond the mark USD 2.8 billion. The state budget’s tax receipts were exceeded by over 100 billion drams ... ... Ministry of Emergency Situations, and Ministry of Justice who are spending the last minutes of the outgoing year in service to provide ...
01/01/2020Government increases 2018 draft budget spending by 15 billion drams
Following a series of debates on next year’s draft budget the government has increased the spending by 15 billion drams, finance minister Vardan Aramyan said ... ... Aramyan said at a government meeting on Thursday. He said the military budget was increased by 1 billion drams, and another 1.... ... parliamentary republic from 2018 April. The minister added that the health ministry’s budget would grow by 4 billion drams, as insisted ... ... require additional costs. The original draft budget approved by the Armenian government on September 28 calls for 1 trillion and 307 ...
11/30/2017Social spending for 2011 increases by 7 percent
Gagik Minasian, chairman of a parliament committee on budget, finance and credit issues, said today the government has increased social spending for 2011. YEREVAN, December 10, /ARKA/. Gagik Minasian,... ... year. Speaking at a news conference Gagik Minasian said although Armenia is in a state of ‘no war, nor peace’ with Azerbaijan,... ... spending for social expenditures to be channeled into education, health, ecology and other sectors. ‘This is very important ... ... grow by 4.6 percent in 2011. Gagik Minasian said t he Armenian military will remain one of the main recipients of public funds ...
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