Cabinet approves 2025 state budget draft

YEREVAN, SEPTEMBER 26, ARMENPRESS. The Cabinet on September 26 approved the 2025 state budget draft.

Finance Minister Vahe Hovhannisyan said at the Cabinet meeting that the budget envisages 2 trillion 873 billion drams in revenues, from which 2,76 trillion is tax revenue.

He said they expect to improve the tax-GDP ratio as a result of improvements in tax administration, fight against shadow economy, as well as other tax policies. The ratio will reach the 25% envisaged under the government program, he said.

“The state budget expenditures are envisaged to be 3 trillion 482 billion drams,” he said, elaborating that 2 trillion 749 million will be current expenditures while 733 billion drams will be capital expenditures.

“The share of capital expenditures in the GDP in 2025 will reach 6,6%,” he said.