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.

Government Budget in Armenia is expected to be -2.30 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Government Budget is projected to trend around -1.40 percent of GDP in 2020, according to our econometric models.

Armenia Government Budget
Forecast Data Chart
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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 93147.40 40421.80 93147.40 -176100.10 AMD Billion [+]
Government Revenues 448757.10 330933.10 448757.10 54380.30 AMD Billion [+]
Government Debt 3300.20 3364.80 3364.80 491.00 AMD Billion [+]
Fiscal Expenditure 355609.70 290511.30 538397.40 58587.20 AMD Million [+]
Government Spending 175704.20 139466.60 263855.40 15855.90 AMD Million [+]
Credit Rating 42.50 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD 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. This page provides - Armenia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Government Budget - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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

Country Last Previous
Argentina -5.50 Dec/18
Australia -0.60 Dec/18
Brazil -7.10 Dec/18
Canada -0.70 Dec/18
China -4.20 Dec/18
Euro Area -0.50 Dec/18
France -2.50 Dec/18
Germany 1.70 Dec/18
India -3.42 Dec/18
Indonesia -1.76 Dec/18
Italy -2.10 Dec/18
Japan -3.80 Dec/18
Mexico -2.00 Dec/18
Netherlands 1.50 Dec/18
Russia 2.70 Dec/18
Saudi Arabia -9.20 Dec/18
Singapore 0.40 Dec/18
South Africa -4.40 Dec/18
South Korea -1.60 Dec/18
Spain -2.50 Dec/18
Switzerland 1.30 Dec/18
Turkey -2.00 Dec/18
United Kingdom -2.00 Dec/18
United States -3.80 Dec/18