Friday, October 29 2021 19:06
Alina Hovhannisyan

Since 2018, Armenian authorities have increased share of investments  in subvention programs from 1.6 billion to 23.2 billion drams

Since 2018, Armenian authorities have increased share of investments  in subvention programs from 1.6 billion to 23.2 billion drams

ArmInfo. Since 2018, the Armenian government has consistently increased the share of  investments in subvention programs. Deputy Prime Minister of Armenia  Suren Papikyan, who previously held the post of Minister of  Territorial Administration and Infrastructures, said this in an  interview with Public Television.

In particular, he said that in 2018, 150 subsidy programs were  implemented with 3.84 billion, of which 1.6 billion were from the  government's share.

In 2019, the number of programs reached 463, the volume - 17.46  billion drams, where the government's share increased to 9.5 billion  drams.

In 2020, amid the war and the outbreak of the coronavirus pandemic,  580 subvention programs were implemented for 26.24 billion drams, of  which the government's share were 14.3 billion drams.

According to Papikyan, in 2021, 678 programs worth 48.4 billion were  approved and are being implemented. At the same time, 23.2 billion  drams were allocated by the government.  "That is, the government's  investment in subvention programs is from 40 to 60%," he stressed. At  the same time, the Deputy Prime Minister also touched upon the  consolidation of communities, noting that this process is proceeding  quite flexibly and well. In particular, he noted that consolidation  will help strengthen communities, including due to the effective  implementation of subvention programs. As a result, as Papikyan  noted, 68 communities will remain in the country, which, in his  words, is quite a normal indicator for Armenia.