After revising Armenia’s 2025 draft budget, the projected GDP will decrease by 158 billion drams (approximately $405 million), Finance Minister Vahe Hovhannisyan said in the country’s parliament, Report informs referring to Armenian media.

As a result, GDP is projected at 10.89 trillion drams (instead of the previous 11.05 trillion drams).

The authorities also lowered economic growth forecasts from 5.6% to 5.1%.

Regarding budget revenues, they will amount to 2.837 trillion drams, which is 35.5 billion drams less compared to the initial figure.

Budget expenditures will amount to 3.441 trillion drams.