2019 was a historic year for Armenia in terms of budget. The Prime Minister Nikol Pashinyan stated this at the remote discussion of last year's budget execution.
The PM noted the government has managed to generate 104 billion tax revenues, of which 62 billion drams became state budget revenues, 42 billion drams was returned to VAT debt, which was formed before January 1, 2017.
"In 2019 an unprecedented 7.6 percent economic growth for the last 12 years was registered, which is 1.4 percentage points higher than 2018 figure.
The Prime Minister stated that the government he heads is working at a historic time. 2018 was historic in terms of revolution, 2019 was unprecedented in terms of economic activity. While 2020 is historic due to the coronavirus epidemic.
"Obviously, we will have some economic problems this year, but it is too early to summarize the results", Pashinyan said.