ArmInfo. Under the chairmanship of the Prime Minister of Armenia, Nikol Pashinyan, on December 10, a meeting was held in the government on the fulfillment of the state budget for 2019, as well as plans within the framework of the main financial document for 2020.
According to the press service of the Prime Minister, issues related to the current situation with state-owned revenues and expenses this year, reforms in public procurement, and improvement of the legislative field were discussed. In particular, they touched on steps aimed at abandoning the current practice of advance payments in the amount of 100% of the amount of the contract (state contract) in the public procurement system. The meeting participants also touched upon the capital expenditures planned by the state budget in 2020, the preparation of documents for design and estimate work, and other related issues.
The head of government noted the importance of ensuring budgetary discipline by state bodies. He instructed ministers and heads of state departments to present a compressed roadmap for capital expenditures and related projects planned for 2020 in compressed wastewater.
It should be noted that, as of October 30, 2019, Armenia did not demand a large balance of foreign loans in the amount of $ 1.43 billion. For example, credit programs worth $ 466 million in the field of road construction are waiting for their turn in line with the concluded international agreements. , energy received $ 422 million in funding, agriculture and irrigation - $ 153 million, education - $ 73 million, public sector reforms - $ 66 million, water supply - $ 10 million. Other areas in standby are programs worth $ 173 million.
Of the previously planned about 250 billion drams of capital expenditures for 9 months of 2019, the actual figure amounted to only 71.1 billion drams. That is, the underfulfillment of credit and grant programs reaches about 61.1%.
Therefore, in 2020, the share of state capex plans to increase to about 5% of GDP, the absolute figure of which will be 7.095, 1 billion drams.