Fiscal Balance in Armenia

Armenia Fiscal Balance | Economic News & Forecasts

Armenia - Fiscal Balance

Soaring household consumption kept growth buoyant in the second quarter, although it moderated from the first quarter’s stellar result. Solid wage growth, muted inflation and revived confidence after the political transition has buttressed consumer spending. Turning to the third quarter, incoming data suggests that the economy continued to grow briskly, although is likely moderating to more sustainable levels. Industrial and services output grew solidly in August, broadly matching July’s result, but activity in the construction sector lost steam. Meanwhile, the government presented a draft bill in September to increase child benefits, including higher cash handouts and longer childcare, in an effort to boost the birth rate. The move should also help stimulate demand when enacted.

Armenia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.6  -1.9  -4.8  -5.5  -4.8  

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

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