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.