We expect that restrictions on the export of agricultural products to Russia will be lifted, or efforts to diversify export markets will be successful. Minister of Finance Vahe Hovhannisyan stated this on November 11 at the session of the Parliament's Standing Committee on Financial, Credit and Budgetary Issues during the discussion of the 2027 state budget project, responding to the opposition "Hay" To the questions of Artur Khachatryan, secretary of the "Stan" faction. According to the minister's assurance, these difficulties do not have any significant impact on the revenues of the state budget. However, the need to support those affected by export restrictions has led to additional costs. Khachatryan was particularly interested in the extent to which external economic risks were taken into account in the draft state budget, including the consequences of the possible deprivation of advantages operating within the EAEU framework. The deputy asked whether the presented forecasts are the averaged results of different scenarios or the most optimistic version. "Our script is not averaged. We took the most realistic scenario," Hovhannisyan answered. The minister noted that risk assessment is being carried out and reserve funds are planned to mitigate their possible impact. At the same time, he emphasized that he cannot say to what extent these risks will materialize. Referring to the difficulties of exporting agricultural products to Russia, Vahe Hovhannisyan expressed hope that either these restrictions will be removed, or diversification efforts will be successful. "In this regard, we have already achieved great success. At the same time, it is also important to note that the agricultural sector itself is not taxed. Therefore, there is no significant impact on the revenues of our budget", the representative of the government said. The Minister of Finance added that many citizens work in this sector. According to him, the impact of the problems that arose this year was manifested by the need to spend additional expenses to support them. Nevertheless, according to the minister's assessment, the volume of these expenses did not affect the presented budget scenario.
Armenia
Difficulties in exporting agricultural products to the Russian Federation do not have a significant impact on the state budget. Hovhannisyan

Source: KARTSIQ