Armenian government lowers economic growth forecast to 5.1%
Armenia’s Finance Minister Vahe Hovhannisyan presented an updated version of the 2025 draft state budget at a parliament session on Tuesday.
According to the revised projections, the country’s GDP in 2025 is expected to reach 10 trillion 891 billion drams, which is 158 billion drams lower than the initial forecast.
The economic growth forecast has been reduced by 0.5 percentage points to 5.1%.
“State budget revenues are projected at 2 trillion 837 billion drams, 35.5 billion drams less than initially planned. The decrease is attributed to a revision of tax revenues which have been lowered by 39.6 billion drams,” the minister announced.
At the same time, the volume of official grants has increased by 1.6 billion drams, while the budget expenditures have been reduced by 40.8 billion drams.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
14:35
Armenian, Russian parliament speakers discuss bilateral ties
Armenian National Assembly Speaker Alen Simonyan on Tuesday held a phone call with Speaker of Russia's Federation Council Valentina...
Source Panorama.am
14:16
MP: Azerbaijan repeats demands to Armenia almost daily
Azerbaijan discusses various issues in negotiations with Armenia but avoids addressing the key provisions that have not been agreed upon,...
Source Panorama.am
13:35
Temps to rise across Armenia
Snow is forecast for some parts of Armenia on Tuesday evening, Wednesday, Thursday and over the weekend.
Icy roads and strong...
Source Panorama.am
13:13
Roman Trotsenko, son hit by UK sanctions
The UK on Monday announced its largest package of sanctions against Russia since the early days of the war in Ukraine in 2022, targeting 67...
Source Panorama.am
12:35
Researchers identified 43 new insect species in Armenia
Researchers have identified 43 insect species in Armenia for the first time and 10 that have been described as entirely new to science, the...
Source Panorama.am
12:03
Hovhannes Ishkhanyan renounces his ECHR victory
Writer, journalist and film director Hovhannes Ishkhanyan has declined the €6,000 compensation awarded to him by the European Court of...
Source Panorama.am
11:35
Hostile UNGA resolutions hardly contribute to Ukrainian settlement, Rubio says
Hostile resolutions of the UN General Assembly do not help settle the conflict in Ukraine, US Secretary of State Marco Rubio said in an...
Source Panorama.am
11:15
Armenian blogger detained in Belarus over Azerbaijani complaints returns to Yerevan
An Armenian blogger, Bella Babakhanyan, has returned to Armenia after being detained in Belarus for 14 days, The Armenian Report said....
Source Panorama.am
11:00
Armenian FM, ICRC chief meet in Geneva
On February 24, within the framework of the working visit to Geneva, Armenian Foreign Minister Ararat Mirzoyan had a meeting with Mirjana...
Source Panorama.am
10:27
ARARAT Bourbon Cask. Yerevan Brandy Company Presents New Limited Series
ARARAT Bourbon Cask is yet another innovation of Yerevan Brandy Company – an 8-year-old Armenian brandy, produced according to all the...
Source Panorama.am
17:11
Armenian, Iranian FMs meet in Geneva
Armenian Foreign Minister Ararat Mirzoyan had a meeting with his Iranian counterpart Seyed Abbas Araghchi in Geneva on Monday....
Source Panorama.am
17:01
MP urges international community to respond to Edgar Ghazaryan's free speech violation
Non-partisan MP Taguhi Tovmasyan calls on the international community to respond to the restriction of opposition figure Edgar Ghazaryan’s...
Source Panorama.am
16:35
Political analyst accuses French envy of lying about Karabakh
Political analyst Suren Surenyants has accused French Ambassador to Armenia Olivier Decottignies of lying about Artsakh (Nagorno-Karabakh) in a...
Source Panorama.am
15:57
Russian-Armenian comedian on EU sanctions list
Russian-Armenian comedian and TV host Mikhail Galustyan has been included in the 16th package of EU sanctions against Russia.
The 16th...
Source Panorama.am
15:16
Temps to rise in Armenia from Tuesday
Dry weather is expected in Armenia's regions on Monday, Tuesday night, Friday and Saturday.
Snow is forecast for some parts of...
Source Panorama.am
14:36
7 planets to align this week
The last week of February holds a special celestial treat in store for astronomers and amateur stargazers. Mercury will become the seventh...
Source Panorama.am
14:15
Armenian expert: Europe undergoing radical changes
Political analyst Ara Poghosyan claims that Europe is undergoing radical transformation.
“The concept of united Europe will soon...
Source Panorama.am
13:45
Incendiary device explodes outside Russian Consulate in Marseille
An incendiary device exploded outside the Russian Consulate in Marseille early Monday, authorities said, on the third anniversary of...
Source Panorama.am
13:30
AYF D.C. Chapter protests outside Azerbaijani Embassy
The Armenian Youth Federation (AYF) Washington D.C. “Ani” Chapter, along with community members, on Saturday gathered outside...
Source Panorama.am
13:09
ICRC: 429 Armenians still missing in relation to escalations in 2020-2023
During 2024, around 1,290 calls and individual visits were received at the International Committee of the Red Cross (ICRC) offices in Yerevan...
Source Panorama.am
12:46
Armenian MP: Baku seems to be in a 'wait-and-see mode'
Azerbaijan appears to have adopted a “wait-and-see” stance in peace treaty negotiations with Armenia, opposition MP Tigran...
Source Panorama.am
12:16
European leaders visit Ukraine to mark 3rd war anniversary
A dozen leaders from Europe and Canada visited Ukraine’s capital Monday to mark the third anniversary of Russia’s invasion in a show...
Source Panorama.am
12:04
Ruben Mkhitaryan promises to solve stray dog problem in Gyumri
Famous producer Ruben Mkhitaryan, who has announced a run for mayor of Gyumri, has promised to solve the stray god problem in Armenia's...
Source Panorama.am
11:36
Sham trial of Artsakh leaders postponed in Azerbaijan
The show trial of Artsakh's military and political leaders, along with other Armenian captives, has been postponed in Azerbaijan....
Source Panorama.am
11:26
Drivers warned about icy roads in Armenia
The Rescue Service has warned drivers about road closures and icy conditions in Armenia.
The road from the Jermuk intersection to the...
Source Panorama.am
11:00
Most USAID employees laid off or placed on leave
The Trump administration has placed most United States Agency for International Development (USAID) employees back on administrative leave from...
Source Panorama.am
17:04
Filmmaker: Turkish-Azerbaijani-Armenian trio putting democracy on trial
Filmmaker and publicist Hovhannes Ishkhanyan has condemned the prosecution of opposition figure Edgar Ghazaryan, accusing the Armenian...
Source Panorama.am
16:35
Avetik Chalabyan condemns 'disgraceful' prosecution of opposition figure
Public and political figure Avetik Chalabyan, coordinator of the HayaKve initiative, has denounced the "disgraceful"...
Source Panorama.am
16:13
Snow to persist in parts of Armenia
Snow will persist in some parts of Armenia over the weekend, with blizzards and low visibility expected in the country’s mountainous...
Source Panorama.am
15:35
Archbishop condemns activist Edgar Ghazaryan’s prosecution
Archbishop Bagrat Galstanyan, the leader of the Holy Struggle movement, has expressed full support for opposition figure Edgar Ghazaryan,...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
