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Tax revenues in the five months of 2025 grew 14,4% compared to the same period of last year, according to State Revenue Committee chief Eduard Hakobyan.
“We’ve conveyed high pace to collections. In January-May we’ve had approximately 142-billion-dram increase in [tax revenue], which amounts to 14,4% growth compared to the same period of the previous year,” Hakobyan said, thanking taxpayers.
He made the remarks at a parliamentary committee session on the government’s 2024 budget report.
He said the collection growth has outpaced the economic growth pace, which means improvements in terms of the tax-to-GDP ratio.
Hakobyan pointed out the banking system and construction as sectors with high growth pace in the recent years. The taxes paid in these sectors are mostly noticeable this year, he said.