Economy

2027 state budget revenues projected at 3 trillion 604 billion drams

On November 2, the National Assembly began debating the draft 2027 state budget. According to Nikol Pashinyan, revenues are planned at 3 trillion 604 billion drams, or about $10 billion, which is 191% more than in 2017. Expenditures are set at 4 trillion 72 billion drams, with a deficit of about 468 billion drams. According to Finance Minister Vahe Hovhannisyan, 1 trillion 868 billion drams will be allocated to the social sector and 835 billion drams to the security sector.