Armenia’s state budget expenditure is projected to reach 4.072 trillion drams in 2027, according to the draft state budget for next year.

Revenue is projected at 3.603 trillion drams, while expenditure is expected to total 4.072 trillion drams. The state budget deficit is forecast at 468.18 billion drams.

The deficit will be financed through both external sources (280.67 billion drams, or 59.9% of the total deficit) and domestic sources (187.51 billion drams, or 40.1%).

An examination of the expenditure breakdown in Armenia’s draft state budget for 2027 shows that the largest share of government spending will go towards the social sector.