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Compared with 2017, Armenia’s state budget tax revenues increased by 135% in 2025, Prime Minister Nikol Pashinyan said.
Speaking in parliament during discussions on the government’s annual report on the implementation of the 2025 state budget, Pashinyan said that Armenia had crossed an important turning point.
“Compared with 2017, we have increased state budget tax revenues by 135%. This means that we can now confidently state that in the eight years following the revolution, the tax revenues of the state budget of the Republic of Armenia have doubled,” Pashinyan said.
The Prime Minister explained that 2017 was chosen as the comparison year because it was the final year before the 2018 Velvet Revolution.
According to him, in 2024 it was also technically possible to speak of a doubling of tax revenues, as they had increased by 106% compared with 2017. However, he said that such an assessment was somewhat formal, because the impact of inflation must also be taken into account when analyzing tax revenues.
“After excluding the cumulative inflation recorded since 2017, we can say that 2025 is the year when, by all measures, we doubled the state budget’s tax revenues compared with 2017,” the Prime Minister noted.
According to Pashinyan, this is not only a numerical indicator but also has important economic significance. He emphasized that the growth in tax revenues is primarily the result of economic growth.
The Prime Minister also noted that during the same period, Armenia’s GDP had more than doubled.
“This is a very significant indicator and demonstrates the scale and strength of our economy,” Pashinyan said.