Prethodno priopćenje
https://doi.org/10.22598/iele.2025.12.2.5
PROSPECTS FOR FISCAL POLICY ENHANCEMENT BY IMPROVING THE EFFICIENCY OF METHODS RELATED TO MACROECONOMIC MANAGEMENT: ARMENIA’S CASE
Nairi Sargsyan
orcid.org/0009-0001-5898-0182
; M. Kotanyan Institute of Economics of the National Academy of Sciences of the Republic of Armenia, Yerevan, Republic of Armenia
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* Dopisni autor.
Sažetak
The study aimed to assess the impact of digital solutions and the programmatic targeting approach on the efficiency of tax administration and social spending. The methods included an empirical comparison of macro-fiscal indicators, budget planning parameters, public debt dynamics, and the efficiency of social spending. The study determined that the corporate income tax showed an increase in average annual growth from 5.6% to 8.2%, and the elasticity increased from 0.92 to 1.21; the coverage of small and medium-sized enterprises with electronic reporting increased from 28% to 96%, accompanied by an increase in voluntary tax payments from 58% to 78%. The analysis of the debt structure showed a decrease in the debt-to-gross domestic product ratio from 62.3% in 2020 to 49.2% in 2024, with a decrease in new borrowings from 1,100 million USD to 720 million USD. At the same time, the share of debt service costs in the budget structure decreased, while maintaining a stable fiscal space. The social sector saw an increase in specific costs: in education, expenditures per pupil increased from 290 to 410 AMD, in healthcare from 150 to 180 AMD, and in social protection from 290 to 350 AMD.
Ključne riječi
debt burden; social programmes; budget planning; tax administration; compliance; income elasticity; debt indicators
Hrčak ID:
342097
URI
Datum izdavanja:
22.12.2025.
Posjeta: 565 *