Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy (Armenian)

Armenia had a strong record of sustained economic growth before the global economic and financial crisis. However, Armenia remains a low-spending country compared to income-level peers. From 2001 to 2008, Armenia's total expenditure to Gross Domestic Product (GDP) fluctuated between 19 and 23 percent, compared to a Europe and Central Asia average above 30 percent of GDP. The recent global crisis put a brake on Armenia's decade-long economic expansion...

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Document Date
2012/01/01
Document Type
Public Expenditure Review
Report Number
72880
Volume No
1
Total Volume(s)
1
Country
Armenia,
Region
Europe and Central Asia,
Disclosure Date
2012/09/24
Disclosure Status
Disclosed
Doc Name
Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy
Keywords
annual rate

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Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy (Armenian). Public expenditure review (PER) Washington, DC: World Bank. http://documents.worldbank.org/curated/en/802021467997559073

Fiscal consolidation and recovery in Armenia : impact of the global crisis on a small open economy (Armenian)

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