Republic of Armenia: Selected Issues

December 22, 2008

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Format: Chicago

Republic of Armenia: Selected Issues, (USA: International Monetary Fund, 2008) accessed December 22, 2024

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.

Subject: Exchange rates, Expenditure, Fiscal policy, Fiscal stance, Foreign exchange, Foreign exchange intervention

Keywords: 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

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/375
Stock No:

1ARMEA2008002
ISBN:

9781451801699
ISSN:

1934-7685

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