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

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