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

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

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

Head of the Central Bank of Armenia named the reasons behind the rise in gold prices

In the current situation in Armenia, there is no reason to panic over the depreciation of the dram, says Martin Galstyan, head of the Central Bank of Armenia.

Head of Central Bank discusses the future of banks, the digital dram, and whether public debt allows one to sleep peacefully at night

The Chairman of the Central Bank of Armenia, Martin Galstyan, was a speaker on the Rearrange podcast. The conversation covered a variety of topics, including the prospects of the banking system, the possibility of introducing a digital currency in Armenia, and the topic of public debt.

LATEST NEWS

spot_imgspot_imgspot_img