Armenia deficit to be covered again at expense of domestic, external sources: Government approves draft 2027 state budget

The government of Armenia approved the country’s draft law on the 2027 state budget at Thursday’s Cabinet session.

Now will be submitted for debates in the National Assembly.

According to the aforesaid bill, Armenia’s 2027 state budget revenues are planned at 3 trillion 603.8 billion drams, expenditures at 4 trillion 72 billion drams, and the deficit at 468.2 billion drams.

About 3 trillion 462.7 billion drams of the revenues are planned to be provided through tax collections and state duties.

Official grants will amount to about 14.2 billion drams, and other revenues will total 126.9 billion drams.

According to the draft law, Armenia’s state budget deficit is planned to be funded from domestic sources—in the amount of about 187.5 billion drams, and from external sources—in the amount of about 280.7 billion drams.