In 2017 the Armenian State Budget revenues will grow by 2 percent, as per the draft 2017 State Budget, hearings on which continued in the parliament on Monday.

The budget state revenues are expected to amount to 22.4 percent of GDP.

Armenian budget revenues will amount to 1 trn 210 bln AMD in 2017 (approx. $2.55 bln). This is 24 bln or nearly 2 percent higher than the plan for 2016 or 7 percent more than in 2015.

Tax revenues, grants and other revenues (from state property, etc.) will make up 93.8, 2.6 and 3.6 percent respectively.

It is also expected that the correlation of budget state revenues against GDP will amount to 22.4 percent as compared to 21.8 and 22.5 percent in 2016 and 2015 respectively.