Yerevan’s budget revenue exceeded its target by 7.2% in the first quarter: Municipality

YEREVAN, April 13. /ARKA/. In the first quarter of 2026, Yerevan’s budget actually received 22.3 billion drams, compared to its planned revenue of 20.8 billion drams, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

“The budget performance was 107.2%, meaning the plan was exceeded by more than 1.4 billion drams,” he noted at a meeting at the Mayor’s Office on Monday.

Hakobyan also reported that, compared to the same period last year, Yerevan’s budget revenue increased by more than 5.9 billion drams.

However, the structure of the revenue growth was not specified during the meeting.

According to Yerevan’s approved 2026 budget, revenues are projected at 151.5 billion drams, expenditures at 156.8 billion drams, and a deficit of 5.3 billion drams. The city’s o

spot_img

POPULAR

Aсba Bank and American platform Interactive Brokers sign agreement

Aсba Bank and Interactive Brokers, a reputable global online brokerage platform, signed an agreement making Interactive Brokers' services available in Armenia through Aсba Bank, the bank's press service reported.

Unibank Launches Referral Campaign “Invite Friends and Get Bonuses”

Unibank announces the launch of the “Invite Friends and Get Bonuses” campaign, designed for cardholders within the salary program.

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

Armenia’s risk premium is at a historic low, says Central Bank Deputy Chairman

Armenia's risk premium is at a historic low, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.

Armenian Card reported technical issues

The national payment system Armenian Card CJSC (ArCa) reported technical issues.

LATEST NEWS

spot_imgspot_imgspot_img