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Armenia to Allocate Over $82 Million for Government Apparatus Maintenance in 2025, Budget Reduced by 2.5%

Vahe Hovhannisyan
Arshaluis Mgdesyan
30.10.24 14:45
38

The Armenian draft state budget for 2025 includes an allocation of $82.8 million for the maintenance of the Prime Minister's, President's, and Parliament’s offices. Finance Minister Vahe Hovhannisyan announced at a session of the standing parliamentary committees on October 30 that the proposed expenditures are $1.6 million less than in 2024.

The Prime Minister’s office is set to receive $62.8 million, a 2.5% reduction from the 2024 level. Of this amount, $51.5 million will cover current expenses, which is 4% less than in the current year. Planned capital expenses amount to $10.8 million, representing a 6% increase compared to last year.

The President’s office is allocated $4.3 million for 2025, down by 6.4% from 2024. Current expenses are set at $4.2 million, a 4.1% decrease from the current year, while capital needs are allocated $106,000 — 51% less than in 2024.

For the National Assembly’s office, $18.2 million is planned, marking a 2.6% decrease from the 2024 level. Current expenses are estimated at $17.6 million, with $662,000 set aside for capital expenditures.

Earlier, BMG reported that the 2025 Armenian state budget proposal, recently approved by the government, anticipates a significant increase in both revenue and spending.

The projected state budget revenue for 2025 is set at 2.873 trillion drams (approximately $7.39 billion), which is 11% higher than the anticipated figure for 2024 and 22% above the actual revenue level of 2023.

The expenditure side of the 2025 budget is planned at 3.482 trillion drams (roughly $8.95 billion), marking a 13% increase from the expected 2024 level and 37% above the actual expenditures of 2023.

The budget deficit for 2025 is expected to be around 609 billion drams ($1.57 billion).

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