Fiscal sector

← All groups

Republic of Armenia — Fiscal sector

“Fiscal sector” is a section of BusinessDaily.am’s “Armenia in Numbers” reference: 6 tables, 98 indicators for the Republic of Armenia.

Period: January–August / end of August 2026.

Source: Statistical Committee of the Republic of Armenia.

Tables in this group
State budget of RA (SDDS format), million AMDMain indicators of the state budget of RA, million AMDState budget expenditures of RA by functional classification, million AMDPublic debt of RA, million AMDPublic debt of RA, million USDOutstanding government guarantees and external debt of the Central Bank of RA

State budget of RA (SDDS format), million AMD

IndicatorJanuary–August 2025August 2026January–August 2026
State budget revenues, total1 868 525.2228 183.02 137 016.0
Expenditures, total1 929 191.9243 355.32 119 344.3
Deficit (−) / surplus (+)−60 666.7−15 172.317 671.7
Financing60 666.715 172.3−17 671.7
 domestic financing−23 515.423 607.865 865.2
  banking sector−199 688.545 825.2−120 144.4
  non-banking sector176 173.1−22 217.4186 009.6
 external financing84 182.1−8 435.5−83 536.9

Data of the Ministry of Finance of RA. Expenditures are actual (cash) expenditures.

Armstat, “Socio-economic situation of RA, January–August 2026” (PDF in Russian)

Main indicators of the state budget of RA, million AMD

IndicatorJanuary–August 2025August 2026January–August 2026Jan–Aug 2026 to Jan–Aug 2025, %
State budget revenues, total1 868 525.2228 183.02 137 016.0114.4
1. Revenues1 863 996.1228 078.72 115 671.6113.5
 1.1. Taxes and duties1 769 332.4217 697.62 027 135.5114.6
  value added tax567 291.190 479.1636 533.0112.2
  excise tax95 276.117 421.5106 219.6111.5
  profit tax306 398.92 603.8342 273.2111.7
  state duty56 370.610 599.379 396.3140.8
  customs duty48 934.06 089.848 629.199.4
  environmental and natural resource fees34 578.13 141.561 779.9178.7
  turnover tax55 279.41 942.464 227.4116.2
  income tax476 477.368 203.6535 169.3112.3
  social payments77 118.911 106.888 069.3114.2
  other taxes51 608.06 110.064 838.6125.6
  transitional tax overpayments————
 1.2. Other revenues94 663.710 381.188 536.193.5
2. Official grants4 529.1104.321 344.4471.3
Expenditures, total1 929 191.9243 355.32 119 344.3109.9
1. Current expenditures1 575 007.3215 407.21 855 714.0117.8
 wages152 618.823 487.7174 630.6114.4
 purchase of goods and services55 998.210 954.470 518.7125.9
 interest payments186 534.28 629.5199 179.6106.8
  domestic128 313.64 775.6141 606.1110.4
  external58 220.63 853.957 573.598.9
 subsidies131 490.413 255.0165 100.2125.6
 grants185 209.822 972.2185 535.1100.2
 social benefits and pensions713 508.3113 028.5905 463.3126.9
 other expenditures149 647.623 079.9155 286.4103.8
2. Operations with non-financial assets354 184.627 948.1263 630.474.4
 expenditures on non-financial assets356 495.829 405.0267 487.275.0
 proceeds from sale of non-financial assets−2 311.2−1 456.9−3 856.8166.9
Deficit (−) / surplus (+)−60 666.7−15 172.317 671.7—
Sources of financing of the deficit (+) / surplus (−)60 666.715 172.3−17 671.7—
 domestic sources−23 515.423 607.865 865.2—
  borrowings227 267.431 359.099 900.044.0
  financial assets−250 782.8−7 751.2−34 034.713.6
 external sources84 182.1−8 435.5−83 536.9—
  borrowings85 609.1−1 283.3−80 423.4—
  financial assets−1 427.0−7 152.2−3 113.5218.2

Data of the Ministry of Finance of RA. Expenditures are actual (cash) expenditures.

Armstat, “Socio-economic situation of RA, January–August 2026” (PDF in Russian)

State budget expenditures of RA by functional classification, million AMD

IndicatorJanuary–August 2025August 2026January–August 2026Jan–Aug 2026 to Jan–Aug 2025, %
Expenditures, total1 929 191.9243 355.32 119 344.3109.9
 01 General public services413 913.936 247.7465 182.1112.4
 02 Defence387 880.930 237.4290 866.175.0
 03 Public order, safety and judiciary143 983.721 255.0158 965.9110.4
 04 Economic affairs97 669.516 624.2105 601.9108.1
 05 Environmental protection8 281.82 902.412 300.8148.5
 06 Housing and community amenities4 081.9674.34 500.6110.3
 07 Health101 550.526 064.7200 061.7197.0
 08 Recreation, culture and religion25 482.74 247.529 758.8116.8
 09 Education172 990.419 276.8210 661.7121.8
 10 Social protection573 356.685 825.4641 444.5111.9

Data of the Ministry of Finance of RA. Expenditures are actual (cash) expenditures.

Armstat, “Socio-economic situation of RA, January–August 2026” (PDF in Russian)

Public debt of RA, million AMD

Indicator31.12.202530.06.202631.07.202631.08.2026Change on previous month
Public debt of RA5 303 205.85 116 377.25 163 913.85 190 849.026 935.2
 Government debt5 300 006.55 113 295.65 160 830.05 187 742.426 912.4
  external debt2 493 824.62 436 924.92 457 261.62 454 874.0−2 387.6
   external loans and borrowings1 754 540.31 602 300.61 588 473.81 590 525.32 051.5
   government treasury bonds held by non-residents208 203.1303 789.1341 730.7340 697.7−1 033.0
   government FX bonds (Eurobonds) held by non-residents531 081.1530 835.2527 057.2523 651.0−3 406.2
  domestic debt2 806 181.92 676 370.72 703 568.32 732 868.429 300.1
   domestic loans and borrowings—————
   government treasury bonds held by residents2 574 543.02 471 085.82 497 365.52 527 879.430 513.9
   government FX bonds (Eurobonds) held by residents231 638.9205 284.8206 202.8204 989.0−1 213.8
 Municipal debt3 199.33 081.63 083.83 106.622.8
  external debt3 138.62 930.32 936.32 962.025.7
   external loans and borrowings3 138.62 930.32 936.32 962.025.7
  domestic debt60.8151.4147.6144.6−3.0
   domestic loans and borrowings60.8151.4147.6144.6−3.0
   bonds held by residents—————

Indicators follow the classification of the RA Law on Public Debt, in force since 8 January 2026.

Armstat, “Socio-economic situation of RA, January–August 2026” (PDF in Russian)

Public debt of RA, million USD

Indicator31.12.202530.06.202631.07.202631.08.2026Change on previous month
Public debt of RA13 906.03613 900.93214 084.81014 248.048163.239
 Government debt13 897.64613 892.56014 076.39914 239.521163.123
  external debt6 539.2926 620.9996 702.2936 738.23635.943
   external loans and borrowings4 600.7464 353.3684 332.6354 365.73733.102
   government treasury bonds held by non-residents545.949825.379932.086935.1613.075
   government FX bonds (Eurobonds) held by non-residents1 392.5981 442.2521 437.5721 437.338−0.234
  domestic debt7 358.3547 271.5617 374.1067 501.286127.180
   domestic loans and borrowings—————
   government treasury bonds held by residents6 750.9526 713.8126 811.6786 938.624126.946
   government FX bonds (Eurobonds) held by residents607.402557.748562.428562.6620.234
 Municipal debt8.3898.3738.4118.5270.116
  external debt8.2307.9618.0098.1300.121
   external loans and borrowings8.2307.9618.0098.1300.121
  domestic debt0.1590.4110.4020.397−0.006
   domestic loans and borrowings0.1590.4110.4020.397−0.006
   bonds held by residents—————

Indicators follow the classification of the RA Law on Public Debt, in force since 8 January 2026.

Armstat, “Socio-economic situation of RA, January–August 2026” (PDF in Russian)

Outstanding government guarantees and external debt of the Central Bank of RA

Indicator31.12.202530.06.202631.07.202631.08.2026Change on previous month
External government guarantees (excl. guarantees on CBA external loans), million AMD2 538.62 260.52 265.12 285.019.9
Domestic government guarantees, million AMD52 000.763 801.663 137.262 416.9−720.4
External government guarantees, million USD6.6576.1426.1786.2720.094
Domestic government guarantees, million USD136.356173.346172.210171.324−0.885
External debt of the Central Bank of RA, million AMD187 116.3170 255.0168 698.8167 648.2−1 050.6
 guaranteed by the Government24 550.122 577.522 101.722 130.328.6
External debt of the Central Bank of RA, million USD490.655462.574460.134460.1670.034
 guaranteed by the Government64.37561.34260.28360.7440.461
USD / AMD rate used for conversion381.36368.06366.63364.32−2.3

Armstat, “Socio-economic situation of RA, January–August 2026” (PDF in Russian)

Other table groups

AgricultureConstructionCulture and sportEducationExternal sectorFinancial sectorFood security and povertyHealth careHousing and gasificationIndustryLabour marketLaw enforcement and emergenciesNational accountsPopulation and demographyPrices and tariffsReal estate marketScienceSocial protectionTechnology sectorTransportUtilities and communal servicesWeather and environment
#go-to-top,.go-to-top-button,#tie-wrapper #go-to-top{display:none !important;}