YEREVAN, June 19 — /ARКА/. At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.
The country’s main financial document was adopted with 63 votes in favor and one abstention. Both opposition factions, Hayastan (Armenia) and I Have the Honor, left the meeting room before Prime Minister Nikol Pashinyan’s final speech on the 2024 budget, deciding not to participate in the vote.
Budget indicators
In 2024, Armenia recorded economic growth of 5.9%, which is 1.1 percentage points below the target. Armenia’s nominal GDP exceeded 10.127 trillion drams. GDP per capita increased by 4.7% compared to 2023, amounting to 3.34 million drams (approximately 9,000 US dollars).
According to the Ministry of Finance of Armenia, the level of execution of the state budget amounted to 95.8% in terms of revenues and 93.9% in terms of expenditures. The revised figures amounted to revenues of over 2.72 trillion drams (approximately 6.9 billion US dollars) and expenditures of about 3.18 trillion drams.
As of the end of 2024, the public debt amounted to about 5.093 trillion drams (approximately 12.8 billion US dollars), which corresponds to 48.3% of GDP.
According to government forecasts, Armenia’s economic growth in the draft state budget for 2025 is set at 5.1%. (1 US dollar = 384.81 drams).-0-
