Thursday, July 13 2023 13:19
Alina Hovhannisyan

Budget revenues AMD 50bln over target in fist half of 2023

Budget revenues AMD 50bln over target in fist half of 2023

ArmInfo. In the first half of 2023, Armenia's budget revenues totaled AMD 50bln, Armenia's Minister of Finance Vahe Hovhannisyan stated at a Cabinet meeting on July 13.

The reserve fund has been replenished with AMD 10bln, with AMD 7.5bln transferred earlier, with AMD 6.5bln of the funds transferred to Nagorno-Karabakh. 

Speaking of the budget, Armenia's Premier Nikol Pashinyan reported a 19% increase (AMD 176bln) as compared with the first half of last year, and a 92.7% increase (AMD 531bln) as compared with the first half of 2018.

"We could not double the indicators, but we are near them," he said.