Monday, August 3 2020 21:36
Alina Hovhannisyan

Budget deficit of Artsakh will be 8.6 billion drams this year

Budget deficit of Artsakh will be 8.6 billion drams this year

ArmInfo. In 2020, in terms of revenues, the state budget of the Republic of Artsakh will make 126.5 billion drams, and in terms of expenditures - 134.6 billion drams. The state budget deficit will amount to 8.6 billion drams. This was  announced during the first meeting of the government of the Republic  of Artsakh, during which the draft law on amending the Law on State  Budget 2020 of Artsakh Republic> was discussed.

It is reported that the draft law was developed in order to fulfill a  number of provisions of the program of the President of the Artsakh  Republic for 2020-2025. In particular, it was proposed to slightly  increase costs in the field of introducing modern irrigation systems,  expanding the irrigation network and improving management efficiency.  In addition, the costs of the "Implementation of agricultural  activities" program were increased.

Healthcare spending will be increased by 400 million drams. The funds  will be used to raise the salaries of medical workers, expand  services in the field of hemodialysis and angiography, and organize  work on the treatment of infertility. In addition, free heart  surgeries will be organized for private participants of the Great  Patriotic War and persons equated to them, as well as veterans who  participated in hostilities in the defense of the Republic of  Artsakh.

In the educational sector, an additional 200 million drams will be  spent to introduce a system of free higher and secondary vocational  education.

The corresponding expenditure program will be increased by 710  million drams for the development and improvement of infrastructures  in communities, expanding the possibilities of repairing the rural  housing stock, laying roads in villages, increasing the volume of  providing building materials to communities and residents.  It was  proposed to allocate 100 million drams to subsidize a certain part of  the cost of electricity consumed by residents in non-gasified  communities of the Republic of Artsakh.

At the end of the meeting, Artsakh President Arayik Harutyunyan noted  that in 2021 the republic will register unprecedented economic  growth.

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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

ArmEx

 

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