fiscal policy
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Stable Start for Armenia’s Economy in 2025: What’s Driving the Growth?
The Central Bank of Armenia reports stable economic activity at the start of 2025, driven by growth in construction, services, and trade, but notes some short-term uncertainties.
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Mandatory Tax Declarations in Armenia: A Financial Burden for Citizens
Armenia’s introduction of a mandatory income declaration system for all employed individuals in 2024, requiring filings by May 1, 2025, has sparked debate regarding its potential impact on both state revenue and citizen welfare. While the stated aim is to…
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Universal Income Declaration in Armenia: A Critical Examination of Challenges and Implications
Armenia’s expansion of the universal income declaration system, initiated in 2024, represents a bold attempt to enhance transparency and broaden the country’s tax base. By 2025, this system requires a wide array of citizens, from salaried employees to public servants…
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Can a 4% Cut in Public Spending and Economic Growth Curb Emigration in Armenia?
Armenia’s 2025 budget proposal includes a 4% cut in public administration spending, aiming to enhance resource efficiency and reallocate funds to critical areas. According to the Minister of Finance, this budgetary reduction is designed to encourage state agencies to prioritize…