ArmInfo. Armenian Minister of Finance Vardan Aramyan and European Investment Bank (EIB) Vice President Vazil Hudak signed a grant agreement worth 2 million euros from the Eastern European Partnership for Energy Efficiency and the Environment (December 1) within the framework of the "Solid Household Waste of Yerevan" program E5P).

ArmInfo. Expenses of the state  treasury of Armenia in 2018 as a result of discussions in the  standing commissions of the National Assembly increased by 15 billion  drams.  This November 30, presenting an adjusted version of the draft  budget for the next year, during the government meeting, Armenian  Minister of Finance Vardan Aramyan

ArmInfo. Armenia is ready to  switch to a program-targeted construction of the republic's budget  from 2019. "Today there are no obstacles that could hamper the  planned process," Gagik Minasyan, chairman of the NA Standing  Committee on Financial-Credit and Budgetary Affairs, told a news  conference on November 20, answering the question of ArmInfo.  

ArmInfo. The National Assembly of Armenia announced a 4-day break on the draft law "On the State Budget of Armenia in 2018".

ArmInfo.  In 2018, the  profitable part of the state budget of Armenia is planned at the  level of 1.307.3 trillion drams, the expenditure part - 1.464.2  trillion drams, the budget deficit will make 156.9 billion drams. The  RA Minister of Finance Vardan Aramyan stated this at the plenary  session of the RA National Assembly on November 15 presenting the  bill "On the State Budget of 2018".

ArmInfo. The German  Development Bank (KfW) will provide Armenia with a loan of 80 million  euros for budget assistance (coverage of the budget deficit). The  draft loan agreement was approved at a meeting of the Armenian  government on November 9.

ArmInfo. In Armenia, it is necessary to resolve the issue of monopolists, which will ensure additional revenues to the state budget of the country. Such a statement was made  on October 31 at the parliamentary hearings on the draft state budget of the country in 2018, by the law maker of the "Prosperous Armenia" faction Sergei Bagratyan.

ArmInfo. The budget revenues of Armenia in 2018 will grow by 97.3 billion AMD - up to 1.307.3 billion AMD (without the receipt of interbudgetary transfers). Taxes will grow by 112 billion AMD, according to RA Minister of Finance Vardan Aramyan's statement on October 30, speaking at the discussions on the draft state budget for 2018 in the NA Standing Committee on Financial-Credit and Budgetary Affairs.

ArmInfo. By 2018, the state sector of Armenia will lose 5564 staff units. Finance Minister Vardan Aramyan stated this on October 30, speaking at the discussion of the draft state budget for 2018 in the permanent parliamentary commission on financial and credit and budget issues.

ArmInfo. "The Armenian  Ministry of Finance cares about the people and everything done is  done for the people," the head of the department Vardan Aramyan said,  responding to the remark that the citizens of the country are tired  of empty conversations and are waiting for the authorities to move  from words to deeds. The financial department of the country on  October 30 presented the draft budget of Armenia for 2018. According  to the minister, the Ministry of Finance cannot say today that the  quality of life of Armenians will change dramatically for the better.  The financial department, nevertheless, guarantees the performance of  those indicators that are laid in the draft budget for the next year.  In the context of improving the living standards of the country's  citizens, Aramyan noted the expectations regarding GDP per capita in  Armenia. By the end of 2016, the figure was $ 3532, according to the  results of the year 2017, $ 3,699 is expected, and by the end of next  year the figure will grow to $ 3,985.  "This means that the quality  of life gross domestic product per capita will record growth," the  minister said.

ArmInfo. By the end of 2017, the state debt of Armenia will approach the $ 6.7 billion mark. Thus, over the year Armenia will increase the debt burden by $ 800 million, Minister of Finance Vardan Aramyan told ArmInfo, during a seminar on "Management of public debt" on October 22 in the Armenian Hanqavan.

ArmInfo. Armenian Government  does not plan to increase salaries and pensions in 2018. Instead, it  is planned to increase the salary fund of the Office of Management,  in particular, employees of the tax and customs system.

ArmInfo. Capital expenditures of  the state budget of Armenia in 2018 are planned to increase by 73.8  billion drams, which will be directed to road construction,  irrigation system and energy. "No sensible investor will invest money  in the Armenian economy if we do not have normal roads," Armenian  Minister of Finance Vardan Aramyan told ArmInfo reporter on October  22 during a seminar on "The State Budget for 2018" organized with the  assistance of the German Society for International Cooperation (GIZ).  Note that in 2018 the investment-to-GDP ratio promises to just return  to the indicators of 2016 - 18.4% of GDP, instead of 18.2% expected  by the end of this year.

ArmInfo. GDP per capita in  Armenia by the end of 2018 from the expected current year's $ 3,699  will reach $ 3,985, answering the question of ArmInfo, Deputy Finance  Minister of Armenia Armen Hayrapetyan said on October 22 during a  seminar organized with the assistance of the German Society for  International Cooperation (GIZ).

ArmInfo. Armenian Finance Minister Vardan Aramyan , as part of  the annual meetings of the World Bank (WB) and the International Monetary Fund (IMF)in Washington,   took part in the discussion on the countries of Central Asia and the Caucasus. The discussion was  conducted by the Deputy Managing Director of the IMF Tao Zhang, the press service of the Armenian  Ministry of Finance reports.

ArmInfo. RA Minister of Finance  Vardan Aramyan took part in the plenary meeting of the International  Monetary Fund and the World Bank in Washington. WB Group Chairman Jim  Jong Kim and IMF Managing Director Christine Lagarde addressed the  meeting.

ArmInfo. Famous Armenian economist Tatul Manaseryan calls to close the Ministry of Energy Infrastructures and Natural Resources of Armenia due to uselessness and incompetence. This, speaking about the results of the annual activity of the current Government, the economist said on October 13 at a meeting with journalists.

ArmInfo. Reductions in the presidential administration will save 29.1 million drams (about $ 60,000). As Minister of Finance Vardan Aramyan stated at the September 5 sitting of the Armenian government, on September 1 this year, In the presidential administration, 54 staff units were reduced. By the decree of the Cabinet, the savings for the next 3 months in the amount of 29.1 million drams (about $ 60,000) will be transferred to the reserve fund of the Government.

ArmInfo. For 9 months of 2017,  the State Revenue Committee (ARC) of Armenia provided tax revenues of  860.5 billion drams, including VAT refunds. On the tax side, growth  was 6.7%, customs - 18.3%. This was stated to journalists by the head  of the department Vardan Harutyunyan on October 4, summing up the  results of the 9-month activity.

ArmInfo. In order to fulfill  the budget of 2017, the Armenian government until the end of the  year, for the upcoming 4 months should collect 424 billion AMD in the  line of taxes, while statistics show that on average over the past  months of this year, about 90 billion AMD were collected monthly.  Vice-speaker from the bloc, Mikael Melkumian, announced  this from the rostrum of the Armenian parliament.