Armenian tax authorities overfulfil projected revenue collection rate

YEREVAN, September 25. /ARKA/. The total amount of revenues collected by Armenian tax authorities in the first half of 2019 was by almost $120 million more than projected, Prime Minister Nikol Pashinyan said during a meeting with the Armenian community of New York on Tuesday.

He said the government expects that the projected rate for the entire year will also be overfulfilled. According to the prime minister, all the funds raised additionally were used to increase the salaries of military personnel, doctors, teachers, as well as pensions.

The government’s projection of revenue collection for this year is 1.5 trillion. The projected spending is 1.6 trillion. drams; the projected deficit is about 150 billion drams ($1 – 476.10 drams). -0-

spot_img

POPULAR

Euro, USD and ruble drop  against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 28, 2026, decreased by 0.16 points compared to April 27, to 371.4 drams.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Euro ups against Armenian dram, while US dollar and Russian ruble drop

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 27, 2026, decreased by 0.27 points compared to April 23, to 371.56 drams.

Sona Ishkhanyan elected Chairperson of Acba Bank Board

Sona Ishkhanyan has been elected as Chair of the Acba Bank Board.  

Corporate tax collection in Armenia has increased to 265.8 billion drams; Pashinyan announced a 5.4-fold increase since 2017

As of April 20, 2026, corporate income tax collection in Armenia amounted to 265.8 billion drams, announced RA Prime Minister Nikol Pashinyan.

LATEST NEWS

spot_imgspot_imgspot_img