Regulatory Alerts2025-04-28 | 8433Conclusion of the Central Bank of the Republic of Armenia on the Annual Report on Execution of State Budget 2024
The Central Bank of the Republic of Armenia issued a conclusion assessing the 2024 State Budget execution, noting that economic growth moderated to 5.9% while inflation remained low at 1.5%. The report highlights that fiscal policy had a near-neutral impact due to lower-than-expected tax revenues and under-execution of capital expenditures, resulting in a budget deficit of AMD 376 billion. Despite these deviations from targets, the Central Bank affirmed that macroeconomic stability was maintained and government debt remained sustainable at 48.3% of GDP.
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