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Armenia’s 2027 state budget draft envisages increasing capital expenditures by 57 billion drams compared to the amount envisaged in the 2026 budget, Finance Minister Vahe Hovhannisyan has said.
Speaking at a meeting of the parliamentary committee on financial-credit and budgetary affairs on Wednesday, he added that the budget deficit is also expected to decrease.
“We forecast GDP at 13 trillion 614 billion drams. This is an improvement compared to our previous forecasts. State budget revenues will amount to 3 trillion 604 billion drams,” the minister said.
Under the draft published by the government, state budget expenditures are envisaged at around 4 trillion 72 billion drams, while the deficit is projected at 468.2 billion drams. To finance the deficit, the government plans to raise approximately 187.5 billion drams from domestic sources and around 280.7 billion drams from external sources.
Referring to capital expenditures, Hovhannisyan noted that the draft makes it possible to maintain a high level of public investment.
“We have the opportunity to spend 57 billion drams more on capital expenditures next year,” the minister said.
According to Hovhannisyan, around 44% of capital expenditures are planned to be allocated to the defense sector. He also highlighted increased allocations for the healthcare and social sectors.
Under the draft, tax revenues and state duties will amount to around 3 trillion 463 billion drams, official grants to 14.2 billion drams, and other revenues to 126.9 billion drams.
The 2027 state budget draft is included in the agenda of the parliament's regular sittings scheduled to begin on November 17.