Armenia recorded a Government Budget deficit equal to 3.15 percent of the country's Gross Domestic Product in 2024. Government Budget in Armenia averaged -3.23 percent of GDP from 1995 until 2024, 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. source: Central Bank of Armenia

Government Budget in Armenia is expected to reach -1.50 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations.



Related Last Previous Unit Reference
Credit Rating 40.00 Feb 2026
Fiscal Expenditure 767598.90 919128.70 AMD Million Sep 2025
Government Budget -3.15 -2.00 percent of GDP Dec 2024
Government Budget Value -43126.00 -50394.00 AMD Million Sep 2025
Government Debt 5354.50 5233.60 AMD Billion Dec 2025
Government Debt to GDP 50.30 48.10 percent of GDP Dec 2024
Government Revenues 724472.90 868734.70 AMD Million Sep 2025
Government Spending 316032.80 244995.40 AMD Million Sep 2025
Government Spending to GDP 28.56 26.80 percent of GDP Dec 2024
Holidays
Military Expenditure 1418.00 1326.20 USD Million Dec 2024


Armenia Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-3.15 -2.00 -0.70 -7.50 1995 - 2024 percent of GDP Yearly