Fri, 27 February
2.1 C
Yerevan
USD: 377.04 RUB: 4.90 EUR: 444.91 GEL: 141.00 GBP: 510.36

The risk of raising pensions in Armenia is estimated, the fiscal space for payments is stable – Ministry of Finance

YEREVAN, February 27. /АРКА/. The risk of expenses due to the increase of pensions in Armenia has been assessed, there is a stable predictable fiscal space for the benefit of pensioners, said Arman Pogosyan, Deputy Minister of Finance.

Earlier, Prime Minister Nikol Pashinyan said that starting from April 1, 2026, pensions will be increased by 10,000. drams.

“The expenditure that is planned to be carried out has already been assessed, the financing is foreseeable, and the Ministry of Finance does not see any fiscal risk in this regard,” said Pogosyan at a briefing on Friday, answering the question about the impact of pension increases on the country’s budget.

The deputy minister said that the sources of financing are known, including taxes and non-taxable income.

spot_img

POPULAR

Acba Bank places 10 billion dram-denominated bonds

Acba Bank has begun placing coupon-bearing book-entry bonds through a public offering for a total of 10,000,000,000 (ten billion) drams, the bank's press service reported.

The credit and leasing portfolio of Armenian credit institutions in 2025 amounted to 659.7 billion drams

The total credit and leasing portfolio of Armenian credit institutions as of December 31, 2025, amounted to 659.7 billion drams, an increase of 13.96% compared to the same period in 2024.

Investment portfolio of Armenian credit institutions in 2025 exceeded 103 billion drams

The total investment portfolio of Armenian credit institutions at the end of 2025 amounted to 103.4 billion drams, according to the consolidated financial report of the country's credit institutions.

Net profit of Armenian credit institutions in 2025 increased 2.9-fold to 56.9 billion drams

The total net profit (after tax) of Armenian credit institutions in 2025 amounted to 56.87 billion drams, compared to 19.50 billion drams in 2024 (an increase of 2.9-fold, or 191.6%).

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (February 16-22)

Last week, the Armenian financial market was distinguished by intensified institutional interactions in the banking sector and debt market dynamics.

LATEST NEWS

spot_imgspot_imgspot_img