Republic of Armenia : Technical Assistance Report-Public Investment Management Assessment

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

January 29, 2019

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Public capital stock declined from 160 percent of GDP in 2000 to 62 percent of GDP in 2017. Public investment has remained low at approximately half of that invested by regional peers since 2012.1 This can be explained—to some extent—by a faster growth of recurrent spending at the expense of capital expenditure. As a result, Armenia ranks the mid-range of comparator countries in terms of the public capital stock. For the last three years, public investments have started to pick up through large energy and road projects, but this has been unable to reverse the declining trend of public capital stock

Series:

Country Report No. 19/33

English

Publication Date:

January 29, 2019

ISBN/ISSN:

9781484396933/1934-7685

Stock No:

1ARMEA2019002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

60

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