Regulatory Alerts2025-09-29 | 8959Opinion of the Central Bank of the Republic of Armenia on the Draft Law on the 2026 State Budget
The Central Bank of the Republic of Armenia issued an opinion on the draft 2026 State Budget, outlining a fiscal policy aimed at ensuring 5.4% economic growth through fiscal consolidation and increased investment in infrastructure. The document projects that the budget deficit will decrease to 4.5% of GDP while the government debt-to-GDP ratio rises to 53.5%, remaining above the 50% fiscal rule threshold. The Central Bank emphasizes the critical importance of strict risk management, efficient capital expenditure, and continued tax reforms to maintain macroeconomic stability and debt sustainability amid geopolitical uncertainties.
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