Thursday, October 17 2019 14:03
Alexandr Avanesov

The Armenian government will subsidize the implementation of programs  of a number of communities of the republic

The Armenian government will subsidize the implementation of programs  of a number of communities of the republic

ArmInfo.The Armenian government will subsidize the implementation of programs of several communities of the republic. The decision on this was made at a Cabinet meeting on October 17.

According to the Minister of Territorial Administration and  Infrastructures of the Republic of Armenia Suren Papikyan, it is  planned to allocate 403 million drams for co-financing the programs  of the communities of Ararat, Kotayk, Tavush, Shirak, Armavir and  Lori regions. The Minister noted that large- scale repair and  construction works were launched in the communities of these regions,  the initial cost of which amounted to 1.163 billion drams. However,  as a result of competitive procedures, this amount was reduced to  863.4 million drams, of which 403 million drams should be subsidized  by the state from the state budget.

Meanwhile, as noted by the Prime Minister of the Republic of Armenia,  Nikol Pashinyan, large-scale construction has unfolded in the  country's communities, which implies the creation of temporary, but  numerous jobs. In this context, it is important to adhere to quality  standards. "We will not pay for poorly performed work," the head of  government said. He once again stated that there is no problem of  lack of money, but this does not mean the distribution of financial  resources from right to left. "Quality, quality and quality again,"  said Nikol Pashinyan, recalling that over the first nine months of  this year, the state budget revenue increased by 21.6%. It is  important, the prime minister continued, that these funds should be  directed to mega-projects, including in the field of capital  construction. Nikol Pashinyan emphasized that the volume of  applications for the purchase of Armenian sovereign bonds in  international markets exceeded $ 2 billion, a similar situation is  observed for short-term government bonds. "That is, there is money,  it is important to spend it effectively and maintain high rates of  capital construction," the head of government concluded. 

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