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).
