Republic of Armenia: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper for the Republic of Armenia shows that building up fiscal space during economic expansions is crucial for the effective implementation of stimulatory policies during downturns. Armenia’s tax revenue remains one of the lowest in the region, and significantly below potential. The legislative changes introducing a VAT threshold and a simplified regime for those businesses below the threshold, as well as the adoption of a comprehensive and ambitious modernization plan for revamping tax administration, are promising steps in the right direction.
Series:
Country Report No. 2008/375
Subject:
Exchange rates Expenditure Fiscal policy Fiscal stance Foreign exchange Foreign exchange intervention
Frequency:
Quarterly
English
Publication Date:
December 22, 2008
ISBN/ISSN:
9781451801699/1934-7685
Stock No:
1ARMEA2008002
Pages:
53
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