Armenian NA approves 2025 draft budget

ArmInfo. The National  Assembly of Armenia approved the final version of the draft state  budget of the country for 2025 at a plenary session on September 4  with 61 votes "for" and 30 "against". 

According to the draft, the revenue part of the state budget of  Armenia next year will be 2.837 trillion drams, the expenditure part  - 3.441 trillion drams, the deficit will be equal to 604 billion  drams. At the same time, the GDP growth rate is projected at 5.1%.

According to the preliminary version of the 2025 state budget draft,  under the conditions of ensuring GDP growth of 5.6%, 3.5% GDP  deflator and average inflation of 3.6%, the state budget revenues of  Armenia in 2025 were planned to increase by 279.5 billion drams - to  2 trillion 873.1 billion drams (about $ 7.4 billion), which is 11%  higher than the expected figure for the current year. State treasury  expenditures were planned at 3 trillion 482.4 billion ($ 7.8 billion)  or 31.5% of GDP.

The figure is 13% higher than expectations for 2024 (30.4%), and 37%  higher than actual expenditures for 2023 (27.5%). Of the planned  expenditures for next year, 2 trillion 749.2 billion drams were  planned to be allocated for current expenditures (24.9% of GDP),  733.2 billion drams ($1.88 billion) or 6.6% of GDP - for expenses on  non-financial operations (capital investments), which is higher than  the planned figure for 2024 of 695 billion drams ($1.79 billion), and  expected by this project - 639.3 billion ($1.65 billion) - 6.3% of  GDP.