ArmInfo.Effective implementation of capital expenditures should be a priority tool in terms of overcoming the crisis. This was announced on April 29 by the Prime Minister of Armenia Nikol Pashinyan during a meeting in the Government of Armenia.
The Prime Minister noted that this year capital expenditures are of particular importance. In particular, he emphasized that the experience of the previous years has shown that traditionally capital expenditures in Armenia are underfulfilled. "And if in 2019, despite the volume of capital expenditures, an unprecedented indicator of economic activity was registered in Armenia, then this year we are in crisis," the head of government emphasized.
Pashinyan said that this year every unfulfilled percentage of capital expenditures will mean not created jobs that have not received family wages, business entities that have not received profit, which in turn will further exacerbate the already difficult social situation in the country. , he stressed. In this regard, the Prime Minister recalled that most of the capital expenditures are carried out by the Ministry of Territorial Administration and Infrastructures.
In turn, the Minister of Territorial Administration and Infrastructures Suren Papikyan said that for 2020 the budget provides for capital expenditures of 22.4 billion drams, out of a total of 21 billion it will be allocated for the building construction. In particular, it is planned to repair roads with a length of 250 km. In the framework of other programs, partial repairs will be carried out on a section of the road with a length of 80 km, it is planned to repair 65 km of a vital road. In addition, it is planned to carry out major repairs within the framework of the loan program for the section with a length of 90 km. Construction will begin on May 5. Papikyan touched upon programs on capital expenditures and other directions.
Then, the Deputy Chairman of the Urban Planning Committee Armen Gularyan reported on the progress of the housing construction program in a natural disaster zone - in the cities of Spitak, Vanadzor and Gyumri, and touched upon the design work for the construction of multi-apartment buildings.
The Prime Minister instructed to carry out all the above work on a large scale in a timely manner.
