49. Do candidates have to report on their election campaign finances?

Article 115, Section 1, RA Electoral Code, 2021.
Հոդված 115, Մաս 1, ՀՀ Ընտրական Օրենսգիրք, 2021.

For National Assembly elections, parties present a nationwide closed party list. All expenditures must flow from the party's campaign fund; individual candidates are not entitled to their own discretionary spending.

For municipal elections in cities with under 4000 electors (which use the majoritarian system), candidates run individually. In these races, they only need to set up a campaign fund if they spend more than 500,000 AMD (which is rare).