Wednesday, October 9 2019 20:42
Karine Melikyan

WB forecast for Armenia: Ratio of state budget deficit to GDP in 2019  is expected at the level of 0.5%, increasing to 2% in 2020

WB forecast for Armenia: Ratio of state budget deficit to GDP in 2019  is expected at the level of 0.5%, increasing to 2% in 2020

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).

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000