Wednesday, July 13 2022 15:25

ArmInfo. The expenditures of the state budget of Armenia in H12022 amounted to 910.2 billion drams (about $2.2 billion). Compliance compared to the revised plan for the  reporting period amounted to 84.8%. At the same time, 17.3% of the  total expenditures alone, or 157.7 billion drams, were directed to  cover the expenses of the defense sector, which is 87.7% of the  adjusted figure for the reporting period.

According to the data of the Budget Office of the National Assembly  of the Republic of Armenia, more than a third of the actual budget  expenditures - 31.6% or 287.7 billion drams were allocated to finance  the social protection sector, which is 93.2% of the adjusted  indicator for the industry in the first half of the year.

20% or 182.1 billion drams were allocated for spending in the field  of public services, or 89.5% of the adjusted indicator for the  reporting period. 8.8% or 80 billion drams (86.3% of the  clarification) were allocated to finance public order, security and  judicial activities.  Expenses for the education sector amounted to  72.6 billion drams (85.8% of the adjusted indicator for January-June)  or 8% of total expenses. 6.4% or 58.2 billion drams amounted to  financing of the healthcare sector (91.6% of the clarification), 1.7%  or 15.5 billion drams (86.9% of the adjusted indicator) - the sectors  of "recreation, culture and religion",  50.8 billion drams or 5.6% of  the total expenditure was allocated to the sector of economic  relations (48.6% of the adjusted figure) About 0.3% or 3 billion  drams was allocated to construction and utilities (48.3% of the  adjusted figure) ), about 0.3% or 2.6 billion drams - for  environmental protection (53.7% of the specification).  

State budget expenditures in the line of non-financial assets (capital  expenditures) for January-June 2022 amounted to 100.6 billion drams.  Compliance in this direction compared to the revised plan was 59.3%.  

It should be noted that according to the RA Law "On the State Budget  for 2020", Armenia's GDP will amount to 7% by the end of the year.  Budget revenues in 2022 will amount to 1 trillion 947.8 billion drams  (24.7% of GDP) or 17.5% (289 billion drams) more than in 2021,  expenditures - 2 trillion 184 billion drams or 27.7% GDP (184 billion  drams more than the figure adjusted for the current year and 334  billion drams more than the approved figure for 2021), and the state  budget deficit will amount to 236.2 billion drams. At the same time,  current expenditures will amount to 23.2% of GDP or 1 trillion 843  billion drams (81 billion drams (4.6%) more than the figure set for  2021), and capital expenditures will amount to 352 billion drams or  4.5% of GDP. Armenia's defense spending this year will increase by  about 11%, or 33 billion drams, amounting to more than 345.4 billion  drams (about 15.8% of the state budget expenditures).