Prime Minister Nikol Pashinyan presented his government’s economic performance in parliament, pointing to sustained growth, higher incomes, and expanded fiscal capacity since 2018.

According to Pashinyan, Armenia recorded an average annual GDP growth of 7.9% between 2021 and 2025, significantly exceeding the global average of 4.1% and the 3.1% average among Eurasian Economic Union member states.

State budget revenues have increased substantially, reaching levels 2.3 times higher than in 2017, with an overall rise of $4.3 billion. “Where did this $4.3 billion come from? It came from patiently and one by one closing all the loopholes for theft,” Nikol Pashinyan told lawmakers.

He also highlighted a near tripling of capital expenditures, which have grown 2.9 times over the same period.

On social indicators, Pashinyan said 288,000 jobs have been created since 2018, while average monthly income has risen by 87%. With cumulative inflation at 29%, he argued that employed citizens are now living “55% better” compared to 2017.

The government has also implemented support programs totaling 1 trillion 410 billion drams, which Pashinyan said were effectively returned to citizens through targeted initiatives.

He linked these outcomes to the 2018 Velvet Revolution, arguing that the movement aimed not only at political change but also at delivering measurable economic and social improvements.

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