Finance Minister: shadow economy in Armenia ranges from 25 to 45%

YEREVAN, December 11. /ARKA/. Shady dealing in Armenia’s economy ranges from 25 to 45%, depending on method of calculation, Finance Minister Tigran Davtyan said Thursday in National Assembly.

He said that increase of tax inflow ratio to GDP will make it possible to reduce shadow economy in the country.

Under the 2010 state budget, the ratio will rise 0.6% to 17.7%.

It is planned to attract additional 20 to 25 billion drams to the state budget.

The government expects that AMD 570 billion will be transferred to the state budget as taxes.

This amount constitutes 17.7% of GDP. ($1=3AMD 83.9) –0–

spot_img

POPULAR

Euro jumped 2.33 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.05 points to 360.12 drams on November 4, 2026, compared to November 3.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

Board of the Central Bank of Armenia raised the monetary policy rate for the second time in a row, to 7%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points, from 6.75% to 7%.

Central Bank of Armenia continued its rate hike amid prevailing inflation risks – Galstyan

The Board of the Central Bank of Armenia has decided to continue its policy of raising interest rates, taking into account the likelihood of scenarios involving increased inflation risks, stated Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img