ArmInfo. The Armenian Parliament has approved the main financial document for 2024. 71 MPs voted for  its adoption, 25 MPs voted against.  According to the document, in 2024, in conditions of ensuring 7% GDP growth, the revenues of the state treasury of Armenia will amount to 2 trillion 723 billion drams  (25.9% of GDP), and expenses - 3 trillion 206 billion drams (30.5% of GDP).

ArmInfo. In 2024, it is planned to significantly increase the Reserve Fund of Armenia's  government, RA Minister of Finance Vahe Hovhannisyan stated on December 6 at parliamentary hearings on the final version of the country's draft state budget for next year.

ArmInfo. There are all the prerequisites for bringing the state budget deficit of Armenia to a  level of 4.6% of the country's GDP, RA Minister of Finance Vahe Hovhannisyan stated at a parliamentary hearing on the 2024 draft state budget. 

ArmInfo.Armenia's Parliament is discussing the final version of the 2024 draft budget. 

ArmInfo.

ArmInfo. On the sidelines of the 20th session of the United Nations Industrial Development Organization (UNIDO) General Conference, UNIDO and the Eurasian Development Bank (EDB) reaffirmed their commitment to jointly promote sustainable industrial growth in Central Asia in a Joint Declaration  signed by Gerd Muller, Director General of UNIDO, and Nikolay Podguzov, Chairman of the Management Board of the EDB.

ArmInfo. Armenia has high human potential in the context of scientific thought, but in recent  years it has not made a big impact on the field, which certainly affects the deterioration of the condition of scientists, both materially and mentally. A similar opinion was expressed by Irina Dumanyan, General Director of the Armenian branch of Siemens, during a panel discussion on the topic "Strengthening Science: The Bridge  between Science and Business" at the "Days of Science and Business 2023" conference on December 1.

ArmInfo. Ameriabank has assumed a long-term commitment to create a sustainable environment  and assist a transition to carbon-neutral economy, Eduard Arakelyan, Head of Corporate Sales and Relationship Management Division, Ameriabank CJSC, told ArmInfo on the sidelines of the Energy Week in Yerevan. 

ArmInfo.  Energy Week Armenia started in the country will discuss energy development  prospects for the coming years. 

ArmInfo. Emphasizing the importance of development of the regions and programs implemented  within the framework of social responsibility, Team Telecom Armenia begins cooperation with Loft to promote the activation and dissemination of educational, cultural, entertainment projects for young people in the regions of the country. This is stated in the Team message.

ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the European Union have provided Ardshinbank with a $20 million credit for the development of Micro, Small, and Medium-sized Enterprises (MSMEs) in Armenia. The financial package aims to support growth, competitiveness, and green economy initiatives in Armenia. The agreement was signed on November 24 in Yerevan.

ArmInfo.

ArmInfo. Armenian-Indian relations have recently been actively developing, Armenia's Minister  of Territorial Administration and Infrastructure Gnel Sanosyan stated at a video conference with Indian Minister of New and Renewable Energy Raj Kumar Singh,

ArmInfo.The Government of Armenia intends to redistribute up to 6% of budget funds in order to  provide adequate assistance to forcibly displaced persons from Nagorno-Karabakh. An extraordinary meeting of Armenia's Parliament is discussing amendments to the law "On the Budget System". 

ArmInfo. Tourism in Armenia will be focused on quality rather than quantity. Armenian Minister of  Economy Vahan Kerobyan told reporters during a briefing on November 20 after a meeting of the Standing Parliamentary Committee.

ArmInfo.

ArmInfo.

ArmInfo.The Crossroads of Peace initiative must become a reality not only for Armenia, but also  for the other states in the region, Armenia's Minister of Finance Vahe Hovhannisyan stated in Parliament. 

ArmInfo. The state budget deficit of Armenia in 2024 will amount to 341.1 billion drams (about $880 million, the estimated US dollar exchange rate is 385.9 dr. per $1) or 3.2% of GDP, against 236.8 billion drams or 2.5% of GDP expected by end of this year and 179.5 billion or 2.1%, actual for 2022.

ArmInfo.Despite the difficult challenges, joy everyone's joy, the economy of Armenia displayed and continues displaying a fairly high resistance, including the effective macro-economic policies and equivalent actions being continuously implemented by the Government and the Central Bank. The RA Minister of Finance Vahe Hovhannisyan said on November 14, presenting for debate in the National Assembly the draft  law on RA State Budget for 2024.