ArmInfo. In view of the expected economic recovery in 2021, the ratio of taxes to GDP will increase by 0.5 p.p., amounting to 1.501 trillion AMD.
The Minister of Finance of the Republic of Armenia Atom Janjughazyan announced this when presenting the draft budget of the RA for 2021. At the same time, he noted that according to the IMF, the increase in the share of tax revenues to the RA GDP will be 1%.
Speaking about the current fiscal year, Janjughazyan noted that in the state budget program for 2020, the tax revenue indicators were revised downwards from 1.359 trillion up to 1.320 trillion drams. However, according to the minister, Armenia will be able to complete 2020 with indicators higher than expected, which, in his opinion, will be conditioned by the high responsibility of the Armenian taxpayers and positive development trends in September this year.
