Tweet
ARMENIA'S DRAFT 2104 BUDGET EARMARKS 122 BILLION DRAMS FOR EDUCATION
YEREVAN, October 30. / ARKA /. Armenia's draft budget for next year
has earmarked 122.170 billion drams for education, by 14 billion
drams more than for the outgoing year, deputy finance minister Pavel
Safarian told a parliament discussion today on the budget.
According to him, the projected figure will make 2.59 percent of the
projected GDP, up from 2.38 percent in 2013 GDP.
Education and science minister Armen Ashotyan said a sustainable
school feeding program will be launched next year for low-grade
schoolchildren. Another program will support financially some 1,400
university students from vulnerable families. The education budget
will allocate 400 and 90 million drams respectively for each program.
Ashotyan said more funds are earmarked for next year to buy textbooks,
especially for high-grade students. More funds will be allocated also
for the development of vocational education.
>From September 1, 2014 Armenia will shift to 12- year education
system, which also includes vocational training. This means that
4,500 children, who will have completed the 9th grade, will receive
government funding for continuing education at colleges or technical
schools.
The government plans to collect next year 1. 134 trillion drams in
revenue and spend 1.244 trillion drams. The projected deficit is 110
billion drams. The GDP is projected to grow by 5.2 % and the 12-month
inflation rate is planned at 4 % (± 1.5%) ($ 1 - 405.76 drams). -0-
- See more at:
http://arka.am/en/news/society/armenia_s_draft_2104_budget_earmarks_122_billion_d rams_for_education/#sthash.xny8oLiD.dpuf
YEREVAN, October 30. / ARKA /. Armenia's draft budget for next year
has earmarked 122.170 billion drams for education, by 14 billion
drams more than for the outgoing year, deputy finance minister Pavel
Safarian told a parliament discussion today on the budget.
According to him, the projected figure will make 2.59 percent of the
projected GDP, up from 2.38 percent in 2013 GDP.
Education and science minister Armen Ashotyan said a sustainable
school feeding program will be launched next year for low-grade
schoolchildren. Another program will support financially some 1,400
university students from vulnerable families. The education budget
will allocate 400 and 90 million drams respectively for each program.
Ashotyan said more funds are earmarked for next year to buy textbooks,
especially for high-grade students. More funds will be allocated also
for the development of vocational education.
>From September 1, 2014 Armenia will shift to 12- year education
system, which also includes vocational training. This means that
4,500 children, who will have completed the 9th grade, will receive
government funding for continuing education at colleges or technical
schools.
The government plans to collect next year 1. 134 trillion drams in
revenue and spend 1.244 trillion drams. The projected deficit is 110
billion drams. The GDP is projected to grow by 5.2 % and the 12-month
inflation rate is planned at 4 % (± 1.5%) ($ 1 - 405.76 drams). -0-
- See more at:
http://arka.am/en/news/society/armenia_s_draft_2104_budget_earmarks_122_billion_d rams_for_education/#sthash.xny8oLiD.dpuf