Economy

Since the beginning of 2024, income tax returns for mortgage payers have reached 67 billion drams (approximately $173 million), while returns for other sectors (including tuition refunds for working students) have totaled 81 billion drams (about $210 million).

To increase slaughterhouse processing, those farmers who carry out livestock slaughter in slaughterhouses will be compensated with cash.

On October 31, the kickoff event for the program “Development of Irrigated Agriculture in the Ararat and Armavir Regions” took place in Yerevan

In 2024, Armenia contributed $231 million to the Eurasian Economic Union’s (EAEU) general budget, as announced by Minister of Economy Gevorg Papoyan during a joint session of the National Assembly’s standing committees.

The budget of the Ministry of Foreign Affairs (MFA) has increased for 2025. At the joint session of the National Assembly’s Standing Committees, Minister of Finance Vahe Hovhannisyan presented the projected expenses for the upcoming year during the preliminary discussions on the 2025 State Budget.

Armenia aims to improve its position particularly in microelectronics and robotics. This was announced by Minister of High-Tech Industry Mkhitar Hayrapetyan at the joint session of the Standing Committees of the National Assembly during the preliminary discussions on the 2025 State Budget.

The expenses of the Prime Minister’s and President’s Offices, as well as the National Assembly, will be reduced. During the preliminary discussion of the 2025 State Budget at a joint session of the National Assembly’s standing committees, Finance Minister Vahe Hovhannisyan presented the planned expenditures.

Exports from Armenia grew 2.1 times in the period from January to September 2024, as stated by Finance Minister Vahe Hovhannisyan during the preliminary discussion of the 2025 state budget.

Today, the National Assembly discussed the financial allocations and budget programs of the Ministry of Internal Affairs.

The State Revenue Committee has published a list of the top 1,000 taxpayers from January to September.