According to the draft state budget for 2025, social protection expenditures in Armenia will amount to AMD 905 billion, representing a 14.9% increase compared to 2024. This announcement was made by Armenian Finance Minister Vahe Hovhannisyan during budget discussions in Parliament.
"Although we have seen growth, this is primarily due to improvements in basic indicators, and there have been no significant political changes. As a result, social protection expenditures will account for 8.2% of GDP, which is an increase of 0.6% from 2024," Hovhannisyan stated.
The 2025 state budget envisages AMD 47.5 billion for the Ministry of High-Tech Industry's expenditures, Finance Minister Vahe Hovhannisyan has said.
“The expenditures directed to the Ministry of High-Tech Industry will be 89% higher compared to the expenditures defined in the 2024 state budget,” Hovhannisyan told lawmakers at a committee hearing.
