Armenia recorded a Government Budget deficit equal to 1 percent of the country's Gross Domestic Product in 2019.

Government Budget in Armenia averaged -3.18 percent of GDP from 1995 until 2019, 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 October 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 -2.90 percent of GDP in 2021 and -2.30 percent of GDP in 2022, according to our econometric models.

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Armenia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -1.80 -0.70 -7.50 1995 - 2019 percent of GDP Yearly

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -83755.90 46331.30 93147.40 -176100.10 AMD Billion [+]
Government Revenues 353736.20 381928.70 448757.10 54380.30 AMD Billion [+]
Government Debt 3720.10 3646.90 3720.10 491.00 AMD Billion [+]
Fiscal Expenditure 437492.10 335597.40 588998.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 210246.20 160935.10 299123.10 15855.90 AMD Million [+]
Government Spending To Gdp 24.80 24.10 28.60 23.60 percent of GDP [+]


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.