Nikol Pashinyan projected AMD 3.604 trillion (about $10 billion) in revenue, with roughly AMD 4.1 trillion (about $11.4 billion) in spending and AMD 1.084 trillion (about $3 billion) for the welfare ministry. The budget remains under committee review.
Prime Minister Nikol Pashinyan presented Armenia’s draft 2027 budget to joint parliamentary committees on 2 November. The government had endorsed the draft in early October, but its allocations and proposed benefits remain subject to parliamentary consideration.
Pashinyan projected revenue of 3.604 trillion drams (about $10 billion), while the government proposes roughly 4.1 trillion drams (about $11.4 billion) in spending. The draft proposes 1.084 trillion drams (about $3 billion) for the Labor and Welfare Ministry. Prime Minister’s Chief of Staff Lilit Makunts said the draft allocates 24.250396 billion drams (about $67.3 million) to her office, 1.656 billion drams (about $4.6 million) less than the previous year.
Finance Minister Vahe Hovhannisyan put the proposed deficit—the gap between spending and revenue—at 3.4% of gross domestic product (GDP), a measure of economic output. That compares with 4.5% planned for 2026.
On 3 November, committees continued examining allocations for state and judicial bodies. Prime Minister’s Chief of Staff Lilit Makunts said her office plans a public-sector modernization program to digitize services provided by state and local government bodies.
Hovhannisyan presented the proposed 1.084 trillion dram Labor and Welfare Ministry allocation to parliament’s Labor and Welfare Affairs and Financial-Credit and Budgetary Affairs committees. He said it is 91 billion drams above the approved 2026 budget and represents 27% of proposed state spending and 8% of GDP.
Labor and Welfare Minister Arsen Torosyan said the draft includes a new foster-care measure for seniors, modeled approximately on foster care for children. The proposed 6 billion drams (about $16.6 million) for seniors and people with disabilities also covers day care, round-the-clock care and improvements to facilities. It is 346 million drams above the approved 2026 allocation.
The prosecution says the court invalidated a 2007 sale of 1.35 hectares and ordered compensation for Hrazdan after the judgment enters legal force.
Under existing ministry guidance, general foster families can care for children in difficult circumstances or without parental care. Caregivers receive the minimum monthly wage per child and separate child-care funds; specialized foster care carries an additional 30%.
| Program | Proposed allocation |
|---|---|
| Demographic support, including childbirth and child-care benefits | 83.4 billion drams (about $231.3 million) |
| Housing support | 19.8 billion drams (about $54.9 million) |
The housing proposal is an increase of 4.2 billion drams. The demographic program includes payments for a third and each subsequent child, care benefits for children under 2 and one-time childbirth benefits.
Torosyan also proposed extending compensation for USSR Savings Bank deposits to people born on or before 31 December 1946. The current cutoff is 31 December 1944. He expects the number of beneficiaries to rise from about 5,500 to 11,000.
The draft sets aside approximately 2.1 billion drams (about $5.8 million) for the Deposits and Other Compensation program, around 1.1 billion drams more than its approved 2026 allocation, Torosyan said.
The ministry’s 29 January 2026 guidance covers deposits placed before 10 June 1993, in the bank’s Armenian SSR republican branch, with compensation paid cashlessly. Applicants or their representatives apply at their registered-area Unified Social Service center. The guidance calls for identification, a public-services number or equivalent document, a savings book if available and a VTB-Armenia certificate of account data as of 10 June 1993, among other documents when needed.
Presenting the Central Bank of Armenia’s assessment, Governor Martin Galstyan forecast public debt at 47.2% of GDP in 2027, up 0.7 percentage points from the expected 2026 result. He said the planned deficit was about 0.6 percentage points below the expected result for that year and that its reduction would rely mainly on substantial growth in tax revenue.
Hovhannisyan projected that the ratio of tax revenue to GDP would rise by 0.6 percentage points in 2027.
Committee discussions are due to continue through the week, after which lawmakers can submit written proposals. In its November 2 account, Azatutyun said plenary consideration was expected about two weeks later.
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