Wednesday, November 1 2017 13:17
Tatevik Shahunyan

In 2018, the budget financing of the presidential staff will be reduced by 2.5 billion drams

ArmInfo. According to the  draft budget of 2018, 2.381 billion drams will be allocated for the  maintenance of the presidential apparatus of Armenia, instead of  4.880 billion 2017.

Head of the staff of the President of Armenia Armen Gevorgyan stated  at the discussions of the draft budget of 2018 in the National  Assembly of Armenia that the reduction of funding is connected with  the transition of the republic to a parliamentary form of government  and a significant reduction in the powers of the president of the  country. According to him, many structures, such as the Public  Council, the National Security Council, the Control Service and the  NGO "Public Relations and Information Center" will withdraw from the  staff of the President. They either will act independently, or will  join the government staff, for example, this will be the case with  the SNCO

 

In the context of ongoing reforms, the number of employees of the  President's staff will also significantly decrease. "We have already  reduced the number of employees from 410 to 330, but from April 2018  it is planned to reduce another 120-130 people. In general, the  number of employees of the presidential staff should not exceed  180-200 people, "Gevorgyan explained. In the context of the upcoming  reforms, he said, the volume of programs implemented by the  presidential apparatus will be reduced by 35%.

It should be noted that since April 2018 Armenia has completely  switched to a parliamentary form of government. It is then that the  term of office of the current President Serzh Sargsyan expires.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000