Armenian parliament passes deficit budget for 2023

The Armenian parliament has approved the draft state budget for 2023.

It was approved by 66 votes “in favour”, with 28 oppositionists voting “against” it, Caliber.Az reports, quoting Armenian media.

The state budget expenditures will account for 2.59 trillion drams ($6.54 billion) and revenues 2.3 trillion ($5.8 billion). The deficit will total 289 billion drams (about $732 million).

During the parliamentary debates, the budget revenues and expenses were slightly changed (by fractions of a per cent): expenditures rose by 826 million drams ($2.1 million) and revenues by 734.5 million drams ($1.87 million).