Last year, Armenia`s state budget revenues totaled 755.8 billion AMD (over U.S. $ billion) - a 0.6% excess of the target. On-budget expenditures totaled 856.8 billion AMD (U.S. $2.3 billion) - 2.6% less than budgeted.

According to a report released by the Ministry of Finance of Armenia, tax revenues, state and compulsory insurance payments constituted 92.5% of the budget revenues. Other revenues constituted 6.7%, and official grants 0.8%.

VAT revenues constituted 50.8% of tax revenues or 301.7 billion AMD (U.S. $808) - 47.6 billion AMD or 18.7% more than the previous year.

Official grants totaled 6.1 billion AMD (U.S. $16.3 million).