Thu, 2 October
14.1 C
Yerevan
USD: 383.34 RUB: 4.70 EUR: 450.50 GEL: 140.80 GBP: 516.82

Armenia’s state budget deficit to drop to 2.8% of GDP in 2028, compared to 5.5% in 2025 – Finance Ministry

YEREVAN, June 16. /ARКА/. Armenia plans to cut the state budget deficit to 2.8% of GDP in 2028, compared to 5.5% planned for 2025, said RA Finance Minister Vahe Hovhannisyan.

“In 2030, this ratio will be 1%, and it is planned to do this in such a way that programs important for the country’s economic development are not affected,” Hovhannisyan said at a press conference on Monday.

Earlier, Hovhannisyan said that the state budget deficit of Armenia in 2024 was less than expected by 0.9% – 3.7% instead of 4.6% of GDP. In absolute figures, this figure amounted to 376 billion drams or approximately $970 million; the public debt amounted to approximately 48% of GDP. -0-

spot_img

POPULAR

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img