Yerevan’s budget revenues for January-June exceeded the target by 10.3%

YEREVAN, July 20. /ARKA/. As of June 30, 2026, Yerevan’s budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

“The budget execution rate was 10.3%, with an overfulfillment rate of approximately 4.6 billion drams,” he said at a meeting at City Hall on Monday.

According to Hakobyan, compared to the same period last year, the capital’s budget revenues increased by more than 10 billion drams.

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 own revenues are projected at 94.8 billion drams ($1 = 366.85 drams).

spot_img

POPULAR

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

LATEST NEWS

spot_imgspot_imgspot_img