41. Are there limits on the amount a candidate can spend?

Article 115, Section 4, RA Electoral Code, 2021.
Հոդված 115, Մաս 4, ՀՀ Ընտրական Օրենսգիրք, 2021.

For municipal elections in cities with under 4000 electors (which use the majoritarian system), candidates for mayor or city council may spend up to 3,000,000 AMD.

Donations to a specific candidate are only applicable in Armenia for municipal elections in cities with less than 4000 electors (which use the majoritarian system). Campaigns in larger cities and at the national level are conducted with closed party lists, and campaign finances are handled by the political party.