The Armenian Ministry of Finance released the details of the execution of Armenia’s state budget for January- June 2024. As reported, in the first half of this year, Armenia’s state budget revenues amounted to 1,243.7 billion drams, achieving 92% of the target set by the revised program for the first semester. Compared to the same period last year, state budget revenues increased by 7.2% or 83 billion drams.

During the first half of the year, Armenia’s state budget expenditures reached 1,232.7 billion drams, achieving 87.5% of the specified program for this period. This marks a 20.1% increase in spending, or an additional 206.3 billion drams, compared to the same period last year.

Despite the rise in expenditures, Armenia’s state budget was implemented with a surplus of approximately 11 billion drams. This starkly contrasts the planned deficit of 56.4 billion drams and the surplus of 134.3 billion drams recorded in the same period last year.