Armenia s tax revenues AMD 1,827.7bln as of Oct 20, 2024

ArmInfo.As of October 20, 2024, the consolidated budget of the Republic of Armenia received 1  trillion 827.7 billion drams in tax revenues, which is 71.6% of the program indicator for the year in the amount of 2 trillion 613.6 billion (24.9% of GDP).

As reported by 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 2023 by 6.2% or 108.7 billion drams  and the figure for 2022 by 21% (325.5 billion drams). Compared to  2021, the increase was 605.1 billion drams or 47.7%, 750.7 billion  drams or 66.9% more than in 2020, 61.4% or 712.1 billion drams more  than the 2019 figure. The 2018 figure (it was in May of this year  that Prime Minister Nikol Pashinyan came to power - ed.) increased by  920.2 billion drams or 96.6%.

Meanwhile, in January-September 2024, compared to the state budget  plan, tax revenues were underfulfilled by 148.6 billion drams, and  expenditures - by 224.7 billion drams. At the same time, capital  expenditures were underfulfilled by about 66.4 billion drams. 

As ArmInfo previously reported, referring to the budget message of  the draft state budget of the Republic of Armenia for 2025, by the  end of 2024, Armenia will underfulfill both the revenue and  expenditure items of the budget. Thus, compared to the program  indicator for the current year, the state treasury will lose 158  billion drams in tax revenues and duties, and state budget  expenditures will be cut by 130 billion drams (with an annual  indicator at the level of 2 trillion 511.2 billion drams or 23.9% of  GDP).