2026 State Budget Draft Approved, to Be Sent to National Assembly for Approval

The government has approved the draft of the 2026 state budget, which will be sent to the National Assembly for approval.

The budget revenues are projected at 3 trillion 91 billion drams, with tax revenues amounting to 2 trillion 972 billion drams.

Budget expenditures are set at 3 trillion 628 billion drams, including current expenditures of 2 trillion 924 billion drams and capital expenditures of 704 billion drams.

The budget deficit is projected to be 537 billion drams, which is 4.5% of GDP. Minister of Finance Vahe Hakobyan has announced that next year a comprehensive health insurance program will be introduced, the program for housing and social support for displaced individuals will continue, a new system for assessing family vulnerability will be implemented (which was piloted this year in two regions), and the program for pensioners with post-payments in cashless transactions will continue.

According to Hakobyan, for the first time, the budget is being presented with a three-year outlook, detailing all program expenditures over the next three years.

The government aims to ensure a 7% economic growth in the upcoming budget, stating, “Although the economy registered a high real average growth of 8.2% between 2021-2024, this period has been marked by several important events that have had a significant impact on ensuring high economic growth, the effects of which will neutralize in the coming years,” as mentioned in the budget message.