ArmInfo. Despite the fact that the 2025 budget year has not yet ended, the Armenian government is confident that the state treasury will meet its tax revenue targets 100%. Prime Minister Nikol Pashinyan stated this from the parliamentary rostrum on December 3.
"We are confident that state budget tax revenues for 2025 will exceed the same figure for 2017 by 1 trillion 542 billion, or 133%," he said. The Prime Minister also recalled that the current ruling Civil Contract faction promised, ahead of the 2021 parliamentary elections, to achieve an average annual GDP growth of 7% over the next five years (5.8% economic growth was achieved in 2021, 12.6% in 2022, 8.3% in 2023, and 5.9% in 2024).
"We have fully fulfilled this promise, as we are confident that by the end of the five years, we will achieve, on average, at least 7.5-7.6% economic growth," he noted.
According to him, Armenia's GDP grew by 36.6% between 2021 and 2024. "This is a very good indicator," the Prime Minister remarked.
Pashinyan wondered how these indicators impact the quality of life of Armenian citizens. Citing expert opinions and advice from fellow economists, the Prime Minister noted that the Gini coefficient (a statistical measure of income inequality or other indicators (such as wealth) in society - ed.) could provide an answer to this question.
"The latest indicators show that Armenia has significantly improved in this regard and is seeing fairly good growth compared to the previous period," he said, noting that "historically, Armenia's highest Gini coefficient was recorded in 2020." "This demonstrates that all criticism of our management of the COVID crisis is far-fetched," he stated.
