Article

Fitch Ratings anticipates that Armenia will achieve its 2026 budget deficit target of 4.5%, although it predicts deficits will exceed the medium-term goal of 3.5% starting in 2027, with an estimated 5.0% deficit for 2025. The 2026 budget includes reduced defense spending and increased healthcare funding, while the Finance Minister aims to lower the deficit to 3.5% in 2027, 2.8% in 2028, and 1% by 2030.