As of Nov 20, 2023, Armenia`s tax revenues 17.2% more as against same  period 2022 

ArmInfo. As of November 20, 2023, the consolidated budget of the Republic of Armenia received AMD  1,919.5bln in tax revenue, which is 86.8% of the adjusted annual figure of AMD 2,211.4bln. 

During the reporting period, tax revenues to the state treasury of  Armenia exceeded revenues for the same period in 2022 by 17.2% or AMD  281.5bln and by 41.6% (AMD 564.3bln) the figure for 2021. Compared to  2020, the increase amounted to AMD 687.5bln or 55.8%, AMD 622.5bln or  48% more than in 2019, and 77.7% or AMD 839.4bln more than in 2018.

In 2022, Armenia collected taxes worth AMD 1,926bln, against the  planned AMD 1,844bln. According to the approved state budget, in  2023, financial authorities plan to collect tax revenues (taxes and  state duties) in conditions of 7% GDP growth (nominal GDP will be AMD  9,317.9bln), a 5% deflator and 5.6% inflation. ) by AMD 2,203.7bln  (23.7% of GDP). In general, state treasury revenues will reach AMD 2,  302bln (24.7% of GDP), and expenses will reach AMD 2,591bln (27.8% of  GDP), of which current expenses are AMD 2,043.3bln (21.9% of GDP),  and the deficit is AMD 288.9bln (3.1% of GDP).