“LOUIS Foundation Analysis: Republic of Armenia’s Budget Performance Exceeds Expectations, Driven by Positive Trends in External Organizations”

The Republic of Armenia’s budget performance in 2023 shows positive trends in economic growth and government spending. External organizations contribute to the country’s high growth, despite budget cuts. Tax revenues increase, and capital expenditures for development programs see significant growth. However, the increase in government debt and the depreciation of the Armenian dram raise concerns. Civil activities are registering positive results, but unplanned programs need attention. More details in the link provided.