Yerevan Council of Elders approves 2024 budget execution report

YEREVAN, March 18. /ARKA/. The Yerevan Council of Elders approved the report on the execution of the capital’s budget for 2024 at a meeting on Tuesday.

Chief of the Financial Department of the Yerevan City Hall Kristina Avetisyan said that the actual revenues of the capital’s budget amounted to 116 billion 715 million drams against the planned 113 billion 198 million drams, that is, the fulfillment amounted to 103.1%.

“The collection of own revenues instead of the planned 62 billion 932 million drams actually amounted to 71 billion 199 million drams or 113.1%. This is 21 billion 108 million drams more than the actual figure for 2023,” Avetisyan said.

According to the data provided by Avetisyan, expenses amounted to 113 billion 699 million drams, which corresponds to 94.5% of the planned figure ($1 – 392.34 drams).

spot_img

POPULAR

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Armenian capital market needs not only technology, but also a mature regulatory and infrastructural environment – ​​NABIX founder

The digital infrastructure of the Armenian capital market has made significant progress in recent years, but the market still lacks a more robust regulatory and technological framework for the full development of new financial instruments.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Armenia’s risk premium increased amid events in the Middle East – Galstyan

The risk premium in Armenia has increased slightly due to events in the Middle East, although not as much as in other countries in the region and beyond, stated Martin Galstyan, head of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img