Armenia's 2025 state budget allocates 905 billion drams for social expenditures - Ministry of Finance

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YEREVAN, October 28. /ARKA/. According to the draft state budget for 2025, social protection expenditures in Armenia will amount to 905 billion drams, representing a 14.9% increase compared to 2024. This announcement was made by Armenian Finance Minister Vahe Hovhannisyan during budget discussions in parliament./pp

Although we have seen growth, this is primarily due to improvements in basic indicators, and there have been no significant political changes. As a result, social protection expenditures will account for 8.2% of GDP, which is an increase of 0.6% from 2024, Hovhannisyan stated./pp

About the 2025 State Budget/pp

The Armenian government’s draft budget for 2025, approved in late September 2024, projects revenues of 2.873 trillion drams, expenditures of 3.482 trillion drams, and a deficit of 609 billion drams. The budget also anticipates 5.6% economic growth, 3.5% average inflation, and a government debt-to-GDP ratio of 53.5%. (Exchange rate: $1 = 387.25 drams). -0-/pp nbsp;/p brp/p