YEREVAN, June 10. / ARKA /. In terms of tax -to – GDP ratio Armenia is one of the best performers across the former Soviet Union, Armenian finance minister Gagik Khachatryan said on Wednesday during a parliamentary discussion on 2014 budget performance.
He said the actual tax-to-GDP ratio last year was 23.5%, up from the projected ratio of 23.23%. According to him, that figure was 2.85 percentage points higher as opposed to the previous year of 2013.
The minister said only another former Soviet republic of Belarus showed a better ratio of about 30%.
According to official data, Armenia’s economy saw a 3.4% rise in 2014, down from the government’s projection of 5.2%. In terms of money, the 2014 GDP was worth about 4. 6 trillion drams or about $10.8 billion. (In 2014 the USD traded on average at 415.92 drams).- 0-
