Exciting news from Armenia! The 2025 state budget is set to boost the country’s economy with a projected GDP of 11.5 trillion drams, according to Finance Minister Vahe Hovhannisyan.
Hovhannisyan recently presented the draft budget for the upcoming year to the Cabinet, outlining ambitious goals for economic growth. The 2025 budget aims for a 5.6 percent increase in GDP, with the GDP deflator set at 3.5 percent and average inflation projected at the same rate.
This strategic plan showcases Armenia’s commitment to enhancing its economic stability and fostering growth in various sectors. With a clear focus on sustainable development, the government is ready to embrace new opportunities and challenges ahead.