During the revolution I promised that the budget of the Republic of Armenia could increase by 30-35% in one or two years. Prime Minister Nikol Pashinyan wrote this on Facebook.
"Fact number 1: During two years, in 2018 and 2019, the Government succeeded in increasing the tax revenues of the state budget by an exclusive number of 505.4 billion drams, part of which was directed towards the payment of debts to taxpayers, while the other part increased the state budget revenues." he added. “As of January 1, 2018, the government owed businessmen 275.7 billion drams in tax overpayments. As of January 1, 2020, such debt amounts to 76.6 billion drams, including current VAT debts and debits.
That is, the government has returned to the business a debt of about 200 billion drams over a year and a half. The remaining 305.4 billion drams of the abovementioned 505.4 billion drams have supplemented the tax revenues of the state budget. The process of returning expired VAT debits continues.
Thus, according to the results of 2018, 2019, as a percentage, the growth of state revenues was 43.6% compared to 2017."