Republic of Armenia: Selected Issues
IMF Staff Country Reports, December 22, 2008
Source details
- Canonical URL
- Republic of Armenia: Selected Issues
Other formats
Bibliographic details
- Published: December 22, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451801699.002
Summary findings
- 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.
- Legislative changes introducing a VAT threshold and a simplified regime for those businesses below the threshold are promising steps.
- Adoption of a comprehensive and ambitious modernization plan for revamping tax administration is a promising step in the right direction.
Policy recommendations and reforms highlighted
- Strengthen fiscal buffers during expansions to enable stimulatory policies during downturns.
- Implement and monitor the VAT threshold and the simplified regime for businesses below the threshold to widen the tax base while reducing compliance burdens.
- Pursue the comprehensive modernization plan to revamp tax administration and increase tax capacity.
Subjects and analytical focus
- Exchange rates
- Expenditure
- Fiscal policy
- Fiscal stance
- Foreign exchange
- Foreign exchange intervention
Keywords (as listed)
- Armenia
- Baltics
- CR
- equilibrium exchange rate
- exchange rate pass-through
- Exchange rates
- fiscal policy framework
- Fiscal stance
- Foreign exchange intervention
- foreign exchange market intervention
- Global
- government spending
- ISCR
- pass-through estimate
- policy objective
- shortsighted fiscal policies
International Monetary Fund. "Republic of Armenia: Selected Issues", IMF Staff Country Reports 2008, 375 (2008), accessed 9/22/2026, https://doi.org/10.5089/9781451801699.002
Content in this bundle
- Republic of Armenia: Selected Issues; IMF Country Report 08/375; October 31, 2008.