YEREVAN. – The state budget deficit of Armenia will grow by 3.8 percent in 2018, as compared to the current year.

The gross revenues of the country’s 2018 budget are projected to be 8-percent higher than this year’s indicator. At the same time, revenues will increase by 7.7 percent.

In addition, the tax/GDP ratio will increase by 0.1 percent in the coming year.

In 2018, the budget deficit of Armenia is expected to be covered on the account of both external and internal resources.

According to the National Statistical Service data for September, the country’s national debt has grown by 6.8 percent in the current year, whereas by 14.5 percent—on an annual basis.

And Armenia’s gross debt in 2018 will make up about 60 percent of its GDP.