ArmInfo.As of September 20, 2023, the consolidated budget of the Republic of Armenia received 1 trillion 584 billion drams in tax revenue, which is 99.2% of the approved figure for 9 months in the amount of 1 trillion 597 billion drams.
According to the Budget Office of the National Assembly of the Republic of Armenia, citing operational data, during the reporting period, tax revenues to the state treasury of Armenia exceeded the revenues for the same period in 2022 by 14.5% or 200.8 billion drams and 50.4% (531 billion drams) compared to 2021. Compared to 2020, the increase was 637.1 billion drams or 67.3%, 553 billion drams or 53.6% more than in 2019, and 82.8% or 717.4 billion drams more than in 2018.
in 2022, Armenia collected taxes of 1 trillion 926 billion drams, against the planned 1 trillion 844 billion drams. In 2023, the financial authorities, in the context of 7% GDP growth (nominal GDP will be 9 trillion 317.9 billion drams), a 5% deflator and 5.6% inflation, plan to collect tax revenues (taxes and state duties) of 2 trillion 203.7 billion drams (23.7% of GDP). In general, state treasury revenues will reach 2 trillion 302 billion drams (24.7% of GDP), and expenses will reach 2 trillion. 591 billion drams (27.8% of GDP), of which current expenses are 2 trillion 043.3 billion drams (21.9% of GDP), and the deficit is 288.9 billion drams (3.1% of GDP).
