ArmInfo.The World Bank's updated forecast for Armenia provides for the ratio of the state budget deficit to GDP at 0.5% in 2019 (instead of the previously expected 2.2%), with an increase to 2% in 2020 and maintaining this level in 2021. This is noted in the WB economic report published on October 9, "Migration and Brain Drain. World Bank Europe and Central Asia Economic Update".
The World Bank estimate for 2018 provided for the ratio of the state budget deficit to the GDP of Armenia at 1.9%, budget revenues / GDP - 23.8%, budget expenditures / GDP - 25.4%. But according to the actual data of the results of 2018, the budget deficit / GDP ratio was 1.8%, budget revenues / GDP - 22.3%, budget expenditures / GDP - 24.1%, against 4.8%, 22.9% and 27, 7% respectively , in 2017.
According to the Statistical Committee of the Republic of Armenia, in January-December 2018, the budget deficit of Armenia amounted to 105.4 billion drams ($ 218.2 million), decreasing by 60.5% year on year, against a meager 4% decline in 2017. The budget revenues of Armenia accelerated the y-o-y growth rate from 5.6% to 8.4%, while expenditures unfolded from the growth to 3.8% decline, making respectively 1340.9 billion and 1446.3 billion drams ($ 2.8 billion and $ 2.99 billion, respectively). And in 2019, according to the results of January-August, a budget surplus of 100.1 billion drams ($ 210.2 million) was recorded with a y-o-y growth of 9.2-fold (with the deficit going to a positive level), as a result of an increase in revenues of 21.8% to 997.4 billion drams ($ 2.1 billion) with growth of expenses by 7.7% to 897.3 billion drams ($ 1.9 billion).