Macro
Armenia’s tax revenue up 14.7% in January–September

Armenia’s state budget received AMD 2.308 trillion (about $6.36 billion) in tax revenue and state duties in January–September 2026, according to the State Revenue Committee (SRC). This is 14.7%, or AMD 295.4 billion, more than in the same period last year.
Tax revenue and duties for January–September exceeded the original target by AMD 126.9 billion, or 5.8%, and the revised target by AMD 89.4 billion, or 4%.
In September alone, the budget received AMD 281 billion in taxes and duties, up AMD 37.6 billion, or about 15.4%, from September last year.
Refunds to taxpayers in January–September 2026 totalled AMD 250.1 billion, up AMD 32.2 billion, or 14.8%, from January–September 2025.
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