{"id":250057,"date":"2021-10-25T18:23:10","date_gmt":"2021-10-25T18:23:10","guid":{"rendered":"https:\/\/armbanks.am\/2021\/10\/25\/250057\/"},"modified":"2021-10-25T18:23:10","modified_gmt":"2021-10-25T18:23:10","slug":"armenian-governments-budget-deficit-in-2022-projected-at-3-1-of-gdp-minister","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2021\/10\/25\/250057\/","title":{"rendered":"Armenian government\u2019s budget deficit in 2022 projected at 3.1% of GDP- minister"},"content":{"rendered":"\n<p><strong>YEREVAN, October 25. \/ARKA\/. <\/strong>The deficit of the Armenian government\u2019s 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\u2019s budget.<\/p>\n\n\n\n<p>He said at the end of 2022 the debt\/GDP ratio is projected at 60.2%. In 2020 the ratio was 63.5%.<\/p>\n\n\n\n<p>\u2018The most important thing is that given these indicators we will have sufficient resources to service the debt without macroeconomic risks.&#8221; he said.<\/p>\n\n\n\n<p>Khachatryan said also that capital expenditures in 2022 will amount to 4.5% of GDP and are projected to grow to 5% in the next five years.<\/p>\n\n\n\n<p>The minister also noted that the government&#8217;s goal is to achieve tax collection at 25% of GDP by the end of 2025, up from 22.4% and 22.5% in 2020 and 2021 respectively.<\/p>\n\n\n\n<p>&#8220;This means an increase in tax revenues by at least 0.5% of GDP each year. We are planning above-average growth for next year, including through an improvement in the tax administration,&#8221; he said.<\/p>\n\n\n\n<p>The draft budget of the government designed for 2022 calls for 1 trillion 946 billion drams in revenue, which is by 17% more in comparison with 2021, and by 25% more in comparison with 2020.<\/p>\n\n\n\n<p>The spending is set at 2 trillion 190 billion drams, which is by 10% more than in 2021 and by 16% more that in 2020.&nbsp;($1 &#8211; 476.48&nbsp;drams) &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deficit of the Armenian government\u2019s 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\u2019s budget<\/p>\n","protected":false},"author":1,"featured_media":194412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12497,12344,15841,12920],"class_list":{"0":"post-250057","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-deficit","11":"tag-gdp","12":"tag-government-2","13":"tag-revenues"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250057"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/194412"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}