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

Armenian commercial banks transferred 116.2 billion drams to the state budget for January-June 2026

All 17 operating commercial banks in Armenia were included in the list of the country's 1,000 largest taxpayers for the first half of 2026, according to data from the State Revenue Committee of the Republic of Armenia.

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.

Moody’s Affirms Armenia’s Rating at Ba3 and Improves Outlook to Positive

The international rating agency Moody's Ratings has revised the outlook on Armenia's sovereign rating from stable to positive, affirming its long-term issuer ratings in both local and foreign currencies at Ba3.

Armenian banks’ loan portfolio exceeded AMD 8.56 trillion in the second quarter, representing a 23.56% year-on-year increase

The total loan portfolio of Armenian banks as of June 30, 2026, exceeded AMD 8.56 trillion, representing a 23.56% increase compared to June 30, 2025, and a 6.8% increase compared to March 31, 2026.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img