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    Emil Lazarian
  • 2 years ago
    • Categories: 2023

2024 state budget revenues projected at 2 trillion 723 billion AMD

 11:21, 6 December 2023

YEREVAN, DECEMBER 6, ARMENPRESS. The amended version of the 2024 state budget draft envisages 2 trillion 723 billion drams in revenues and 3 trillion 206 billion drams in expenditures, Finance Minister Vahe Hovhannisyan told lawmakers.

Revenues will amount to 24,9% of GDP.

Expenditures increased by 189,3 billion drams compared to the earlier version. 

Capital expenditures will amount to 695 billion drams (27% more compared to 2023).

42% of 2024 capital expenditures will be directed to the defense sector.

The deficit will amount to 483 billion drams (4,6% of GDP), however, the debt-to-GDP ratio will remain unchanged at 48,3%.

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS