Armenia recorded a Government Budget deficit equal to 1.80 percent of the country's Gross Domestic Product in 2018.

Government Budget in Armenia averaged -3.28 percent of GDP from 1995 until 2018, reaching an all time high of -0.70 percent of GDP in 2008 and a record low of -7.50 percent of GDP in 2009. This page provides - Armenia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in Armenia is expected to reach -5.80 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Government Budget is projected to trend around -8.50 percent of GDP in 2021 and -9.00 percent of GDP in 2022, according to our econometric models.

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Armenia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -4.80 -0.70 -7.50 1995 - 2018 percent of GDP Yearly

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.49 48.29 48.49 13.56 percent [+]
Government Budget -1.80 -4.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value 46331.30 -161239.60 93147.40 -176100.10 AMD Billion [+]
Government Revenues 381928.70 427758.70 448757.10 54380.30 AMD Billion [+]
Government Debt 3646.90 3509.60 3646.90 491.00 AMD Billion [+]
Fiscal Expenditure 335597.40 588998.30 588998.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 159313.30 299123.10 299123.10 15855.90 AMD Million [+]


Armenia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.