Armenia's state budget deficit increasing

Mon 20 November 2017 12:17 GMT | 16:17 Local Time

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Armenia's state budget deficit will grow by 3.8% in 2018, as compared to the current year.

The gross revenues of the country’s 2018 budget are projected to be 8% higher than this year’s indicator. At the same time, revenues will increase by 7.7%.

In 2018, the budget deficit of Armenia is expected to be covered on the account of both external and internal resources.

The country’s national debt has grown by 6.8% in the current year, whereas by 14.5% - on an annual basis, the National Statistical Service data for September says.

Armenia’s gross debt in 2018 will make up about 60% of its GDP, News.am reported.

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