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%.