ArmInfo. In January-November 2024, the revenues of the state treasury of Armenia amounted to 2 trillion 268.9 billion drams. Compared to the same period last year, the figure increased by 9.6% or 199.2 billion drams. This is stated in the information bulletin of the RA Ministry of Finance on the execution of the state budget for 11 months.
The expenditures of the RA state budget amounted to 2 trillion 501.1 billion drams. Compared to the same period last year, the figure increased by 17.3% or 368.7 billion drams.
During the reporting period, the deficit amounted to 232.2 billion drams, compared to 62.7 billion drams for the same period in 2023.
Thus, according to the RA Law , in conditions of ensuring 7% GDP growth, the revenues of the state treasury of Armenia will amount to 2 trillion 723.6 billion drams (25.9% of GDP), and expenditures - 3 trillion 206.5 billion drams (30.5% of GDP). Tax revenues and state duties are envisaged in the amount of 2 trillion 613.6 billion (24.9% of GDP). Current expenditures are fixed at 2 trillion 511.2 billion drams (23.9% of GDP), expenditures on non-financial assets - 695.3 billion drams (6.6% of GDP). The state budget deficit will amount to 482.9 billion drams or 4.6% of GDP.
However, in the law , the financial authorities adjusted their expectations for the main macroeconomic indicators for 2024. Thus, according to the results of the current year, the state treasury of Armenia, with a GDP growth of 5.8%, compared to the program indicator for the current year, will lose revenues in the amount of 130 billion drams, the shortfall in tax revenues and state duties will amount to 157.8 billion drams. State budget expenditures will be cut by 130.5 billion drams. Current expenditures are planned to be reduced by 74 billion drams. Expenditures on non- financial assets are expected to fall by 56 billion drams - to 639.3 billion drams. As a result, the only constant is a deficit of 482.9 billion drams.
