ArmInfo.The expenditures of the state budget of Armenia for January-July 2022 amounted to 1 trillion 94.7 billion drams (about $2.2 billion). Compliance compared to the updated plan for January-September amounted to 65.2%. At the same time, 16.6% of the total expenditures or 181.5 billion drams alone were allocated to cover the defense sector expenditures, which is 60% of the adjusted figure for 9 months.
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, that is, 31.7% or 347.1 billion drams, were allocated to finance the social protection sector, which is 76.9% of the adjusted indicator for the industry in nine months.
18.9% or 206.9 billion drams were allocated for spending in the field of public services, or 69.3% of the adjusted indicator for 9 months of this year. 9.1% or 99.5 billion drams (68.2% specified) were directed to finance public order, security and judicial activities.
Expenditure on education amounted to 95.5 billion drams (70.9% of the adjusted indicator for January- September) or 8.7% of total expenditures. 6.5% or 71 billion drams were allocated to the healthcare sector (71.2% adjusted), 67.3 billion drams or 6.1% of the total expenditure was allocated to the economic relations sector (35.4% of the adjusted figure).
1.7% or 18.9 billion drams (70.1% of the adjusted indicator) were directed to the areas of "recreation, culture and religion". About 0.4% or 3.9 billion drams were allocated for construction and utilities (32.1% adjustment), about 0.3% or 3 billion drams - for environmental protection (39.8% adjustment).
State budget expenditures in the line of non-financial assets (capital expenditures) for January-July 2022 amounted to 119.1 billion drams. Compliance in this direction compared to the updated plan was 39.8%.
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 are fixed at the level of 23.2% of GDP or 1 trillion 843 billion drams (81 billion drams (4.6%) more than the indicator set for 2021), and capital expenditures - 352 billion drams or 4.5% of GDP. According to the document, 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).
