The 'LUYS' Foundation has analyzed the report on the execution of Armenia's state budget for the first half of 2026:
- Armenia's economic activity grew by 7.9% in the first half of 2026, but the structure of growth is concerning: the main drivers were services, industry, and construction, while agriculture recorded an 11.9% decline.
- The negative balance of foreign trade worsened by 21.6%: exports decreased by 6.7%, while imports increased by 4%.
- State budget revenues amounted to 1,643.2 billion drams: 14.7% higher compared to the previous year.
- Expenditure performance was 83.2%: with an under-execution of 317.4 billion drams.
- Expenses for protecting Armenia's interests in international courts increased by 41.9%: reaching 2.7 billion drams.
This analysis indicates that the under-execution of state expenditures, in the context of budget revenue overperformance, cannot ensure sustainable economic development.
