• In 2022, the capital expenditures of the state budget (expenditure on non-financial assets), which include construction and reconstruction of schools, hospitals, roads, acquisition of machinery and equipment, amounted to AMD 389.1 billion or 17% of the total budget expenditures.
  • The capital expenditures of the state budget increased by 78.2% compared to 2021 and almost twice compared to 2018.
  • In recent years, along with the increase in state capital expenditures, the share of state expenditures in the gross formation of fixed capital has also increased, from 15.1% in 2018 to 22.5% in 2022.


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