Armenia recorded a government budget deficit of 24704.10 AMD Billion in the third quarter of 2019. Government Budget Value in Armenia averaged -24574.38 AMD Billion from 2002 until 2019, 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.

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 -180000.00 in 12 months time. In the long-term, the Armenia Government Budget Value is projected to trend around -190000.00 AMD Billion in 2020, according to our econometric models.

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Armenia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-24704.10 93147.40 93147.40 -176100.10 2002 - 2019 AMD Billion Quarterly
Current Prices, NSA


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.

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 -24704.10 93147.40 93147.40 -176100.10 AMD Billion [+]
Government Revenues 401109.00 448757.10 448757.10 54380.30 AMD Billion [+]
Government Debt 3352.70 3300.20 3364.80 491.00 AMD Billion [+]
Fiscal Expenditure 425813.10 355609.70 538397.40 58587.20 AMD Million [+]
Government Spending 201203.20 176345.50 263855.40 15855.90 AMD Million [+]
Credit Rating 14.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]