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ARMENIA RECEIVED LAST YEAR 30.6 BILLION DRAMS OFFICIAL GRANTS
/ARKA/
May 13, 2011
YEREVAN
The volume of official grants directed last year to the budget rose by
41.1 percent or 8.9 billion drams from 2009 to 30.6 billion Drams,
chief treasurer Atom Janjugazyan said today when speaking at a
parliament discussion on last year's budget performance.
He said the growth was secured by U.S. government-run Millennium
Challenges Corporation that provided 19 billion drams of funds for
rehabilitation of Armenia's irrigation networks and canals. Atom
Janjugazyan said despite the substantial growth the figure was by 17
billion drams less than projected by the government.
Also 1,.8 billion drams worth grants were provided by World Bank,
1.7 billion drams by Lincy Foundation, 1.9 billion drams by German
KfW bank and 172.5 million drams by the EBRD.
According to the ministry of finance data, last year's spending
amounted to 856.8 billion drams, 97.4% of the projected amount.
Compared to 2009 the spending rose by 3.9% or 32.1 billion drams.
Government revenues rose last year by 11.7%, or 79.4 billion drams
to 755,8 billion drams ($1 - 373,38 drams).
/ARKA/
May 13, 2011
YEREVAN
The volume of official grants directed last year to the budget rose by
41.1 percent or 8.9 billion drams from 2009 to 30.6 billion Drams,
chief treasurer Atom Janjugazyan said today when speaking at a
parliament discussion on last year's budget performance.
He said the growth was secured by U.S. government-run Millennium
Challenges Corporation that provided 19 billion drams of funds for
rehabilitation of Armenia's irrigation networks and canals. Atom
Janjugazyan said despite the substantial growth the figure was by 17
billion drams less than projected by the government.
Also 1,.8 billion drams worth grants were provided by World Bank,
1.7 billion drams by Lincy Foundation, 1.9 billion drams by German
KfW bank and 172.5 million drams by the EBRD.
According to the ministry of finance data, last year's spending
amounted to 856.8 billion drams, 97.4% of the projected amount.
Compared to 2009 the spending rose by 3.9% or 32.1 billion drams.
Government revenues rose last year by 11.7%, or 79.4 billion drams
to 755,8 billion drams ($1 - 373,38 drams).