Armenia Government net lending/borrowing in Armenia

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: -4.5% 2027: -3.5% 2028: -2.9% 2029: -2.3% 2030: -1.8% 2031: -1.3%
-1.3 (2031) ANUAL · % of GDP · Annual · CSV
Period% of GDP
Jan 2031 -1.3
Jan 2030 -1.8
Jan 2029 -2.3
Jan 2028 -2.9
Jan 2027 -3.5
Jan 2026 -4.5
Jan 2025 -3.7
Jan 2024 -3.7
Jan 2023 -2.0
Jan 2022 -2.1
Jan 2021 -4.6
Jan 2020 -5.4
Jan 2019 -1.0
Jan 2018 -1.8
Jan 2017 -4.7
Jan 2016 -5.6
Jan 2015 -4.8
Jan 2014 -1.9
Jan 2013 -1.6
Jan 2012 -1.5
Jan 2011 -2.9
Jan 2010 -5.0
Jan 2009 -7.7
Jan 2008 -1.8
Jan 2007 -2.3
Jan 2006 -2.0
Jan 2005 -2.0

About this indicator

Source
International Monetary Fund
Frequency
Annual
Release
Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.
What it is
Armenia's government deficit (net borrowing) is the negative balance of the general government accounts when spending exceeds revenue over a year; when revenue exceeds spending there is a surplus. It is usually expressed as a share of GDP.
How it's calculated
Calculated as the difference between total revenue and non-financial spending of general government over the period, following national accounting standards. The outcome is set against GDP to obtain the ratio.
Market implications
The deficit drives the government's borrowing needs and the path of public debt. It is a key gauge of budgetary discipline, fiscal policy and how markets and rating agencies assess the country.
Limitations
It is a low-frequency figure subject to revision. It is worth distinguishing the headline balance from the primary balance (which excludes debt interest) and from the cyclical component tied to the economic cycle.