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Tag: deficit

Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister

Economy admin -
The deficit of the Armenian government’s 2022 budget is projected at 3.1% of GDP or 243 billion drams, Finance Minister Tigran Khachatryan said today when speaking at a parliamentary hearing on next year’s budget

Armenia’s 2020 government budget deficit to increase to 6.2% – central bank’s report

Economy admin -
Armenia's government budget deficit in GDP will increase by 4.8 percentage points in 2020, compared to last year, and will reach 6.2%, which is mainly due to tax cuts, according to the monetary policy program for the fourth quarter and the central bank's report on the implementation of monetary policy for the third quarter of this year

Armenia’s budget deficit in 2021 may be less than projected

Economy admin -
Armenia’s budget deficit will be about 300 billion drams in 2021, however, it may be less than projected, Armenian Economy Minister Vahan Kerobyan said yesterday in an interview with Azatutyun Radio

Armenian government’s 2020 budget deficit set at 183 billion drams

Economy admin -
The draft 2020 budget of the Armenian government projects a deficit to the tune of 183 billion drams or 2.6% of the GDP, Minister of Finance Atom Janjugazyan said today during a discussion of the draft budget by parliamentary standing committees

Armenia’s current account deficit of balance of payments slashes 10 times over last 5 years

Economy admin -
Armenia's current account deficit of the balance of payments in January-September 2016 dropped by $75.29 million from the year before to $110.03 million, the National Statistical Service (NSS) said

Government expects 2016 budget deficit to be 5.9-6 percent

Economy admin -
Armenia's 2016 budget deficit will make about 5.9-6% of GDP, finance minister Vardan Aramyan told a news conference today. According to him, over the past two years the government has been pursuing the so-called counter-cyclical fiscal policy

Armenia planning to half its budget deficit in 2017

Economy admin -
Armenia is planning to half its budget deficit in 2017, Vardan Aramyan, the country’s finance minister, told journalists on Thursday

Moscow to spend $70-80 million more to cover Crimea’s budget deficit – deputy minister

Economy admin -
Russia will invest $4-5 billion in the transport and resort infrastructure of Crimea, which joined Russia Tuesday following a referendum last Sunday, deputy economic development minister Alexei Likhachev said Wednesday

Budget deficit to amount to AMD 110.5 billion in 2014

Economy admin -
Armenian Finance Minister David Sargsyan, presenting today the 2014 draft government budget to the Cabinet

Armenia’s budget implemented at AMD 59.9bln-dram deficit in 2012 : finance ministry

Economy admin -
Armenia’s state budget is implemented at 59.9- billion- dram deficit in 2012, acting finance minister of Armenia Vache Gabrielyan said Thursday at the government session as he presented budget implementation report 2012

U.S. government deficit rises to $120 bln

Economy admin -
The U.S. government’s budget deficit rose sharply in October to $120 billion versus $98 billion from the same month a year earlier

U.S. trade deficit narrowed in April

Economy admin -
The U.S. trade deficit narrowed in April, as a sharp pullback in imports and exports to the euro zone suggested the region's troubles are increasingly washing up on U.S. shores, according to news reports

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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