Monday, November 12 2018 17:33

ArmInfo.According to the results of 2019, the surplus of the Artsakh Republic's budget is expected to be 1.3 billion drams. This indicator is unprecedented for  the country. This was announced by Artsakh's Minister of Finance  Arthur Harutyunyan during a working discussion with the President of  the Republic Bako Sahakyan.

Thus, according to the minister, revenues of the Artsakh State  Treasury in 2019 will increase by about 16 billion drams - from the  figure of 96 billion 428 million drams to the figure of 112 billion  300 million drams laid out in the approved budget for 2018.  Expenditures are expected to be about 111 billion drams instead of  the current 101 billion 538 million drams.

The growth of the budget expenditures, according to the head of the  Ministry of Finance, is mainly due to the increase in capital  expenditures by 1.6 billion drams, and the health and social welfare  sectors will receive more by 770 million and 480 mlm drams,  respectively. In turn, capital expenditures will be used to implement  programs for the construction of a number of social facilities, and  health workers will have a 15% salary increase. The social security  sector will spend additional budget allocations to introduce a funded  pension system.

Note that in the framework of the planned in 2019-2021. Macroeconomic  indicators of the Artsakh Republic, GDP in 2019 will make 333.2  billion drams, in 2020 - 367 billion drams, and in 2021 - 404.2  billion drams. Own budget expenses in 2019-2021. projected at 56, 68  and 70 billion drams, respectively.  The expenditure part of the  budget in 2019 will be 110.7 billion drams, in 2021 - 111 billion  drams, in 2021 - 112.6 billion drams.

Earlier it was reported that the financial authorities of Artsakh  plan to complete the year 2018 with an absolute GDP index of over 300  billion drams, instead of the previously planned 291 billion. The  deficit of the state budget of the Artsakh Republic in 2018 is  projected at 5 billion 110 million drams.