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Senate Appropriations Committee To Provide $40 Mln In Economic Suppo

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  • Senate Appropriations Committee To Provide $40 Mln In Economic Suppo

    SENATE APPROPRIATIONS COMMITTEE TO PROVIDE $40 MLN IN ECONOMIC SUPPORT TO ARMENIA

    PanARMENIAN.Net
    September 27, 2011 - 21:23 AMT

    PanARMENIAN.Net - Last week, the Senate Appropriations Committee
    approved its version of the Fiscal Year (FY) 2012 State, Foreign
    Operations Appropriations Bill, which outlined U.S. funding and
    policy priorities abroad, including Armenia and Nagorno Karabakh,
    reported the Armenian Assembly of America (Assembly).

    Overall, the Bill provides $626.7 million in assistance for the
    countries of Europe, Eurasia and Central Asia (AEECA), which is $69
    million below the FY 2011 level. While the Bill does not contain
    any "congressionally-directed spending items or 'earmarks,'" the
    report language recommends funding for Armenia "consistent with the
    budget request." The Administration requested $40 million in economic
    assistance to Armenia for FY 2012. The Senate Committee vote mirrors
    the action in the House State, Foreign Operations Appropriations
    Subcommittee, which called for $40 million in economic support
    to Armenia.

    The Senate Bill also states "That funds made available for the Southern
    Caucasus region may be used for confidence-building measures and other
    activities in furtherance of the peaceful resolution of conflicts,
    including in Nagorno-Karabakh," while the report language states
    that "The committee supports humanitarian assistance for victims
    of the Nagorno-Karabakh conflict and urges a peaceful resolution of
    the conflict."

    The next step would be for the House and Senate to complete action on
    their respective bills. However, with the new fiscal year beginning
    on October 1st, Congress must pass a short-term continuing resolution
    before turning its attention back to the FY 2012 appropriations bills.


    From: Baghdasarian
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