ArmInfo.The highway connecting the Melikghyugh community, Aragatsotn province, with the M-3 highway has been completely renovated, reads a Facebook message by RA Minister of Territorial Administration and Infrastructure Gnel Sanosyan. The renovation work was funded from Armenia`s state budget, the agreed cost being AMD 522mln (about $1,092,000).
At a meeting summing up the year 2021, Minister Sanosyan spoke of numerous fields to be coordinated by the ministry and stressed that the staff must show great responsibility.
According to the 2022 draft budget, the ratio of capital expenses to the GDP is to be raised up to 5.1% against the 3.2%. With low-level budget performance in the previous years in the context of projects coordinated by the RA Ministry of Territorial Administration and Infrastructure, the target figures may not be ensured, which, in turn, may affect economic growth in Armenia. According to an analysis by the economic team of the Luys foundation, 1.1% underperformance will cause a 0.3% loss of GDP growth
