Armenia's State Budget Likely To Miss Large Amounts Of Tax Revenues This Year
Date
6/28/2024 3:10:54 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 28. Over 100 billion
drams, or approximately $260 million, in lost tax revenue might hit
Armenia's national budget in 2024, Armenian Finance Minister Vahe
Hovhannisyan said, Trend reports.
According to him, the risk of not meeting the tax collection
plan is due to growth in sectors with low tax potential.
"One such sector is the jewelry industry, which has seen sharp
growth in recent months due to the re-export of Russian gold," the
minister said.
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