Armenia Government Budget

Armenia recorded a Government Budget deficit equal to 1.50 percent of the countrys Gross Domestic Product in 2012. Government Budget in Armenia is reported by the Central Bank of Armenia. From 1995 until 2012, Armenia Government Budget averaged -3.2 Percent of GDP reaching an all time high of -0.7 Percent of GDP in December of 2008 and a record low of -7.5 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Armenia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.50 -2.90 -0.70 -7.50 0.23 | 2013/12 1995 - 2012 Percent of GDP Yearly

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Armenia Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 13.72 2013-06-30 61.85 235.89 13.72 9.93 2013-12-31 AMD Billion [+]
Government Debt To GDP 37.50 2012-12-31 35.10 37.50 28.40 40.06 2013-12-31 Percent [+]
Government Budget -1.50 2012-12-31 -2.90 -0.70 -7.50 0.23 2013-12-31 Percent of GDP [+]
Credit Rating 42.50 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Armenia Exports at 129.90 USD Million  
Exports in Armenia increased to 129.90 USD Million in March of 2014 from 121.20 USD Million in February of 2014. Exports in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Imports at 373.30 USD Million  
Imports in Armenia increased to 373.30 USD Million in March of 2014 from 306.30 USD Million in February of 2014. Imports in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Industrial Production at -0.30 Percent  
Industrial Production in Armenia decreased 0.30 percent in March of 2014 over the same month in the previous year. Industrial Production in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Balance of Trade at -243.40 USD Million  
Armenia recorded a trade deficit of 243.40 USD Million in March of 2014. Balance of Trade in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Retirement Age Men at 63.00  
Retirement Age Men in Armenia remained unchanged at 63 in 2014 from 63 in 2013. Retirement Age Men in Armenia is reported by the State Social Security Service.
Armenia Retirement Age Women at 62.50  
Retirement Age Women in Armenia remained unchanged at 62.50 in 2014 from 62.50 in 2013. Retirement Age Women in Armenia is reported by the State Social Security Service.
Armenia Gold Reserves at 0.00 Tonnes  
Gold Reserves in Armenia remained unchanged at 0 Tonnes in the fourth quarter of 2013 from 0 Tonnes in the third quarter of 2013. Gold Reserves in Armenia is reported by the World Gold Council.
Armenia Core Inflation Rate at 1.80 Percent  
Core Inflation Rate in Armenia increased 1.80 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Armenia is reported by the Central Bank of Armenia.
Armenia Retail Sales YoY at 4.60 Percent  
Retail Sales in Armenia increased 4.60 percent in January of 2014 over the same month in the previous year. Retail Sales YoY in Armenia is reported by the Central Bank of Armenia.
Armenia Producer Prices at 100.10 Index Points  
Producer Prices in Armenia decreased to 100.10 Index Points in February of 2014 from 101.10 Index Points in January of 2014. Producer Prices in Armenia is reported by the National Statistical Service of the Republic of Armenia.
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