Fiscal Balance in Armenia

Armenia Fiscal Balance | Economic News & Forecasts

Armenia - Fiscal Balance

Reformist Prime Minister Nikol Pashinyan won a resounding mandate in the 9 December snap parliamentary election, with his My Step Alliance clinching 70% of the vote. The result should allow Pashinyan to move ahead with reforms, which had previously been gridlocked by the legislature. Pashinyan has stated that one of the first tasks of the new government will be to update the tax code, which could improve the business climate and attract foreign investment. On the economic front, incoming data for Q4 2018 point to mixed dynamics. Agricultural output continued to drop in November, but economic activity was propped up by surging growth in the services sector.

Armenia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.5  -1.9  -4.8  -5.4  -4.8  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance of the Republic of Armenia

Armenia Facts

ValueChangeDate
Stock Market0.50.0 %Jan 16

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