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GOVERNMENT SUBSIDIES TO ARMENIA'S PROVINCES PLANNED TO TOTAL AMD 39.1 BILLION IN 2014
YEREVAN, October 29. /ARKA/. In the 2014 draft budget, the Armenian
government projects subsidies for provinces at AMD 39.1 billion, Pavel
Safaryan, the first deputy finance minister, said today presenting
the draft budget to the National Assembly.
He said that funds for particular educational, healthcare or other
projects are not included in the mentioned amount. The deputy minister
said that subsidies depend on budgets of municipalities and the
population - more or less 300 people.
Communities having no more than 300 residents will be provided with
AMD 3.5 million, just as in 2012. For other communities subsidies
will be calculated in accordance with the law - taking into account
per-capital land and property tax.
As an exception, subsidies for Artsvashen village in Gegharkunik
province will amount to AMD 4.6 million.
In the 2014 consolidated government budget, revenue is projected at
AMD 1 trillion 134 billion, spending at 1 trillion 244 billion and
deficit at AMD 110 billion.
GDP growth is projected at 5.2% and a 12-month inflation rate at 4%
(±1.5%). ($1 - AMD 405.76). .----0---
- See more at:
http://arka.am/en/news/economy/government_subsidies_to_armenia_s_provinces_planne d_to_total_amd_39_1_billion_in_2014/#sthash.wbD70kE4.dpuf
YEREVAN, October 29. /ARKA/. In the 2014 draft budget, the Armenian
government projects subsidies for provinces at AMD 39.1 billion, Pavel
Safaryan, the first deputy finance minister, said today presenting
the draft budget to the National Assembly.
He said that funds for particular educational, healthcare or other
projects are not included in the mentioned amount. The deputy minister
said that subsidies depend on budgets of municipalities and the
population - more or less 300 people.
Communities having no more than 300 residents will be provided with
AMD 3.5 million, just as in 2012. For other communities subsidies
will be calculated in accordance with the law - taking into account
per-capital land and property tax.
As an exception, subsidies for Artsvashen village in Gegharkunik
province will amount to AMD 4.6 million.
In the 2014 consolidated government budget, revenue is projected at
AMD 1 trillion 134 billion, spending at 1 trillion 244 billion and
deficit at AMD 110 billion.
GDP growth is projected at 5.2% and a 12-month inflation rate at 4%
(±1.5%). ($1 - AMD 405.76). .----0---
- See more at:
http://arka.am/en/news/economy/government_subsidies_to_armenia_s_provinces_planne d_to_total_amd_39_1_billion_in_2014/#sthash.wbD70kE4.dpuf