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

Market capitalization exceeded 426 billion drams in July – Armenia Securities Exchange

Equity market capitalization exceeded 426 billion drams in July 2026, the press service of the Armenia Securities Exchange (AMX) reported.

Moody’s changes the outlook on IDBank’s ratings to positive

Moody’s Ratings has changed the outlook on IDBank’s long-term deposit ratings to positive from stable.

Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

Armenia’s total public debt as of June 2026 amounted to $13.9 billion

Armenia's total public debt as of June 30, 2026, amounted to $13,900.932 million, an increase of $8.476 million compared to May 31, 2026, according to a report by the Statistical Committee of Armenia.

Average exchange rate of the Armenian dram to the US dollar in July was 366.8 drams, compared to 384.1 drams a year earlier

In July 2026, the average exchange rate of the Armenian dram to the US dollar in Armenia was 366.8 drams (in July 2025, the exchange rate was 384.1 drams).

LATEST NEWS

spot_imgspot_imgspot_img