Crackdown on corruption and shady dealings have brought $1.1 billion to Armenia’s government budget since 2018 – Pashinyan

YEREVAN, April 7. /ARKA/. The steps taken by the Armenian government, including those measures aimed at rooting out corruption and shady dealing, have brought $1.1 billion to the country’s budget since 2018 increasing the budget revenue by 40%, Prime Minister Nikol Pashinyan said Monday while answering citizens’ questions in a live broadcast.

Pashinyan said that AMD 40 billion had already been returned to the budget on criminal cases, and there are cases in the process of investigation, which can bring up to AMD 190 billion to the government budget.

Comparing the processes of anti-corruption struggle in Armenia and Georgia, the premier said that the Rose Revolution in Georgia had a geopolitical context. “One of the geopolitical centers was interested in proving by using all means the effectiveness of what had happened and was making gifts in a gigantic scale,” he said.

The prime minister said that in the case of Armenia, the changes have no geopolitical context, band more than that – the government was and remains against introducing this component.

“Of course, we cooperate with our colleagues, and our reforms have partners, but nobody sponsors us in our reforms. We wished so because we said that the democratic revolution has no geopolitical context,” he said. ($ 1 – AMD 501.55). -0-

spot_img

POPULAR

Members of the Armenian health insurance system will be able to receive bonuses for a healthy lifestyle

At a meeting on Thursday, the Armenian government approved the procedure for accruing bonus points within the universal health insurance system.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 10, 2026, increased by 0.26 points to 367.38 drams.

Fitch forecasts inflation in Armenia at 4.4% in 2026, subsequently declining to 3%

The international rating agency Fitch Ratings expects inflation in Armenia to average 4.4% in 2026, after which it will gradually return to its target level of 3%.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

LATEST NEWS

spot_imgspot_imgspot_img