Preliminary discussions on the 2027 state budget draft have begun in Armenia’s National Assembly, with Prime Minister Nikol Pashinyan taking part.
Under the financial plan prepared by the government, state budget revenues for 2027 are projected at 3 trillion 603.8 billion drams, while expenditures are set at 4 trillion 72 billion drams. The resulting budget deficit is estimated at 468.2 billion drams, Factor.am reports.
The bulk of state treasury revenues is expected to come from tax receipts and state duties. Specifically, the government plans to collect 3 trillion 462.7 billion drams from these sources.
Official grants are projected to generate 14.2 billion drams, while other revenue sources are expected to contribute 126.9 billion drams.
The draft also identifies sources for financing the budget deficit. According to the calculations presented, approximately 187.5 billion drams will be raised from domestic sources, with another 280.7 billion drams expected through external financing.
According to the government’s macroeconomic forecasts, Armenia’s economy is projected to grow by 5.8% in 2027.
Preliminary discussions of the draft state budget in parliament’s standing committees are scheduled to continue until November 11. The country’s main financial document will then be submitted for consideration at a plenary session of the National Assembly during the parliamentary sittings beginning November 17.
