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YEREVAN.  – The tax-to-GDP ratio in Armenia was 22.35 percentage points, which is 1.6 percentage points higher than the 1.4 percentage point forecast for 2018. Prime Minister Nikol Pashinyan stated this during Friday’s debates on the 2019 state budget performance, at the joint sitting of the standing committees of the National Assembly.

The PM added that the new government of Armenia had an opportunity to function in a historical period for the people and the country.

At the same time, however, Pashinyan noted that 2020 also turned out to be a "historic" year for Armenia—but this time in connection with the outbreak of COVID-19. In this regard, according to Pashinyan, the country may have some economic difficulties.

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