Armenia recorded a government budget deficit of 83755.90 AMD Billion in the second quarter of 2020.

Government Budget Value in Armenia averaged -26262.78 AMD Billion from 2002 until 2020, reaching an all time high of 93147.40 AMD Billion in the second quarter of 2019 and a record low of -176100.10 AMD Billion in the fourth quarter of 2017. This page provides - Armenia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Government Budget Value - values, historical data and charts - was last updated on October of 2020.

Government Budget Value in Armenia is expected to be -180000.00 AMD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Armenia to stand at -190000.00 in 12 months time. In the long-term, the Armenia Government Budget Value is projected to trend around -190000.00 AMD Billion in 2021, according to our econometric models.

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Armenia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-83755.90 46331.30 93147.40 -176100.10 2002 - 2020 AMD Billion Quarterly
Current Prices, NSA

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -83755.90 46331.30 93147.40 -176100.10 AMD Billion [+]
Government Revenues 353736.20 381928.70 448757.10 54380.30 AMD Billion [+]
Government Debt 3720.10 3646.90 3720.10 491.00 AMD Billion [+]
Fiscal Expenditure 437492.10 335597.40 588998.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 210246.20 160935.10 299123.10 15855.90 AMD Million [+]
Government Spending To Gdp 24.80 24.10 28.60 23.60 percent of GDP [+]


Armenia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.