Arminfo.info


 Friday, November 15 2019 16:17
Naira Badalian

Draft:  Yerevan budget expenditures to grow by about AMD 31 billion  in 2020 

Draft:  Yerevan budget expenditures to grow by about AMD 31 billion  in 2020 

ArmInfo.  In 2020, the budget  revenues of Yerevan will amount to 107 billion 120 million drams,  compared to 83 billion 077 million drams envisaged for the current  year.

 Expenditures will be approximately at the level of 116 billion  233 million drams, instead of 91 billion drams for 2019 (against the  approved 84.34 billion drams). The deficit of the city budget is 9  billion 113 million drams against 1 billion 269 million drams for the  current year. The draft law "On the Budget of the City of Yerevan for  2020" is available on the single portal of legal acts  https://www.e-draft.am/.

Revenues of the capital treasury

Own revenues (local taxes and fees, revenues from privatization and  sale of municipal property, other own revenues of local budgets) will  amount to 26 billion 994 million drams, or 32.5% of the projected  total revenue of the city budget, against about 3 billion drams  envisaged for 2019 (29.5% of total revenues) and about 5 billion 588  million drams actual for 2018.

Tax revenues of the capital treasury are projected at the level of 14  billion 814 million drams, or 17% (2 billion 156 million drams) more  than in 2019. The actual indicator for 2018 was lower than the  forecasted figure by 3 billion 649 billion drams or 32.7%.

Through official grants, according to the draft budget of the  Republic of Armenia for 2020, Yerevan will receive 24 billion 015  million drams, 0.66% or 158 million drams more than within the  framework of the adjusted indicator for the current year.  Other  income is projected to generate revenues of 64 billion 675 million  drams, against 43 billion 520 million drams for the current year.

Projected expenses

The expenditures of the capital's budget in 2020 will grow by about  31.8 billion drams - up to 116 billion 233 million drams. Current  expenses will account for 90.3%, or about 105 billion drams  (administrative budget), 11 billion 290 million drams - for net  expenses of non-financial assets (stock expenses), and the amount of  receipts and expenses from non-financial assets will be 3 billion 921  million drams.

31.7% of budget expenditures will be allocated to the social sector  (education, health care, social security), 19.5% will be required in  the transport sector, and 17.7% in environmental protection. The  reserve fund of the capital administration will make 10 billion 018  million drams. From the reserve fund of the administrative part of  the capital budget for 2020, 9 billion 228 million 174 thousand drams  will be allocated for the implementation of the Investment Program  for Sustainable Urban Management and Urban Infrastructures  implemented by the Asian Bank - 2: coordination and management  (delegation of authority).  According to the project, an amount of 9  billion 509 million drams or 8.2% of total expenses, which exceeds  the adjusted figure for 2019 by 271 million 684 thousand drams, is  envisaged to support the activities of the governing body. The salary  fund accounts for 5 billion 565 million 619 thousand drams.   Officials also provided a bonus fund in the amount of 34.1% of the  total salary fund. 45 million drams will be allocated for the  establishment of flags.

According to the draft budget for 2020, it is planned to introduce a  new landscaping model. For this purpose, 3.6 billion drams will be  allocated, which is 2.1 billion drams more than the adjusted  indicator for the current year. It is also planned to increase funds  for the resettlement of residents of emergency buildings. It is  planned to allocate 1.5 billion drams for landscaping the yards next  year. The city authorities will send 179mln200 thousand drams for the  overhaul of elevators in apartment buildings, which is 148 million  more than the adjusted figure for 2019. Asphalt volumes will also  increase, sidewalks will be built in the amount of 696 million drams.  About 100 million drams will be allocated for the modernization of  the street lighting network.

In 2020, it is also planned to increase the salary of employees of  municipal music and sports schools, as well as art schools. In the  field of health, the mayor's office plans to implement a number of  major programs. Polyclinics will be repaired (250 mln drams) and  equipped with the necessary modern medical equipment. Kindergartens  will be reequipped in order to accept more children. 

POST A COMMENT
Input digits     

News
Archbishops Mikael Ajapakhian and Bagrat Galstanian, currently in NSS  detention center, go on hunger strikeArchbishops Mikael Ajapakhian and Bagrat Galstanian, currently in NSS  detention center, go on hunger strike
Holy Etchmiadzin issued statement expressing indignation at   reprehensible campaign unleashed by Holy Etchmiadzin issued statement expressing indignation at   reprehensible campaign unleashed by 
Under  hashtag #MERDZEVOV, march in support of political prisoner,  well-known businessman and entrepreneur Samvel Karapetyan starting on  the central boulevard of YerevanUnder  hashtag #MERDZEVOV, march in support of political prisoner,  well-known businessman and entrepreneur Samvel Karapetyan starting on  the central boulevard of Yerevan
A march in support of Samvel Karapetyan started in YerevanA march in support of Samvel Karapetyan started in Yerevan
A leader without trust, an opposition without support and peace  without concessions:  Nikol Pashinyan`s 7 years in powerA leader without trust, an opposition without support and peace  without concessions:  Nikol Pashinyan`s 7 years in power
Armenian Cathedral of Ani to function as a mosque after restorationArmenian Cathedral of Ani to function as a mosque after restoration
IDBank issues the 3rd, 4th and 5th tranches of bonds of 2025IDBank issues the 3rd, 4th and 5th tranches of bonds of 2025
Christian Solidarity International urges UN Human Rights Council to  appoint a special rapporteur for Nagorno-KarabakhChristian Solidarity International urges UN Human Rights Council to  appoint a special rapporteur for Nagorno-Karabakh
Armenia`s public multiplex  should not be used to serve foreign  policy agendas - StatementArmenia`s public multiplex  should not be used to serve foreign  policy agendas - Statement
Lawyer: the next part of Marlezon Ballet being staged in parliamentLawyer: the next part of Marlezon Ballet being staged in parliament
Alen Simonyan believes that Catholicos of All Armenians will soon  vacate Patriarchal throneAlen Simonyan believes that Catholicos of All Armenians will soon  vacate Patriarchal throne
Armenian Court of Appeal upholds Samvel Karapetyan`s arrestArmenian Court of Appeal upholds Samvel Karapetyan`s arrest
Lindsay Snell calls for support of  ANCA initiative to launch a  bipartisan Congressional letter in defense of Artsakh Armenians Lindsay Snell calls for support of  ANCA initiative to launch a  bipartisan Congressional letter in defense of Artsakh Armenians 
According to recording, <Tashir Samvel> was supposed to join later,  and Bagrat Galstanyan speaks about this: RA NA Speaker According to recording, was supposed to join later,  and Bagrat Galstanyan speaks about this: RA NA Speaker 
Levon Kocharyan is not a political figure: Alen Simonyan does not  comment on his remarksLevon Kocharyan is not a political figure: Alen Simonyan does not  comment on his remarks
Taguhi Tovmasyan to RA Prosecutor General: Maybe you haven`t received   SMS, and there is no political expediency in punishing Civil  Contract`s favorite businessman ?Taguhi Tovmasyan to RA Prosecutor General: Maybe you haven`t received   SMS, and there is no political expediency in punishing Civil  Contract`s favorite businessman ?
French Arnouville adopts resolution condemning unfair expulsion of   ICRC from AzerbaijanFrench Arnouville adopts resolution condemning unfair expulsion of   ICRC from Azerbaijan
Gegham Stepanyan: Artsakh art historians have no legal issues in  Armenia, difficulties exist only in practical fieldGegham Stepanyan: Artsakh art historians have no legal issues in  Armenia, difficulties exist only in practical field
All conversations and a fragment of the recording with Archbishop  Bagrat Galstanyan are manipulative - ARFAll conversations and a fragment of the recording with Archbishop  Bagrat Galstanyan are manipulative - ARF
Azerbaijan holding 17th ECO summit in occupied StepanakertAzerbaijan holding 17th ECO summit in occupied Stepanakert
Vahagn Chakhalyan detained Vahagn Chakhalyan detained 
RA Prosecutor General personally submitted report on Samvel  Karapetyan, which is evidence of political persecution - lawyer RA Prosecutor General personally submitted report on Samvel  Karapetyan, which is evidence of political persecution - lawyer 
Azerbaijani regime continues crackdown on journalists Azerbaijani regime continues crackdown on journalists 
RA FM holds farewell meeting with Swedish ambassador to Armenia RA FM holds farewell meeting with Swedish ambassador to Armenia 
Transport movement to be stopped in some of Yerevan`s neighborhoods  on July 4 and 5 Transport movement to be stopped in some of Yerevan`s neighborhoods  on July 4 and 5 
Cultural return must be cause of return to Artsakh - ex-minister of  culture Cultural return must be cause of return to Artsakh - ex-minister of  culture 
`Armenia`s ruling force staging performance against me` - Seyran  Ohanyan `Armenia`s ruling force staging performance against me` - Seyran  Ohanyan 
RA NA discussing consent to prosecution of MPs Seyran Ohanyan and  Artsvik Minasyan RA NA discussing consent to prosecution of MPs Seyran Ohanyan and  Artsvik Minasyan 
Yerevan hopes for strategic partnership with Washington Yerevan hopes for strategic partnership with Washington 
Pashinyan to Trump: `I highly appreciate your vision for ending  conflicts and establishing peace in the world`Pashinyan to Trump: `I highly appreciate your vision for ending  conflicts and establishing peace in the world`
Russian-Armenian businessman Samvel Karapetyan demands apology from  pro-government MPsRussian-Armenian businessman Samvel Karapetyan demands apology from  pro-government MPs
Armenia needs mechanisms to prevent one-man rule - expert Armenia needs mechanisms to prevent one-man rule - expert 
Armenia`s ex-premier raises voice in defense of Russian-Armenian  businessman Samvel Karapetyan Armenia`s ex-premier raises voice in defense of Russian-Armenian  businessman Samvel Karapetyan 
Armenia appreciates US support for peace efforts in South Caucasus -  RA vice-premier Armenia appreciates US support for peace efforts in South Caucasus -  RA vice-premier 
Armenian authorities actions killing businesses - UAR president Armenian authorities actions killing businesses - UAR president 
Current authorities` actions in  the energy sector demonstrate a consistent and systematic anti-national strategy: David AnanyanCurrent authorities` actions in  the energy sector demonstrate a consistent and systematic anti-national strategy: David Ananyan
Ottawa to continue its support to Yerevan: AmbassadorOttawa to continue its support to Yerevan: Ambassador
If the border crossing  between Armenia and Turkey is to be renamed,  it should be in honor of Hrant Dink:  International Institute for  Genocide and Human Rights If the border crossing  between Armenia and Turkey is to be renamed,  it should be in honor of Hrant Dink:  International Institute for  Genocide and Human Rights 
Armenia`s National Assembly  adopted statement on  inadmissibility of  state power seizureArmenia`s National Assembly  adopted statement on  inadmissibility of  state power seizure
Even while in custody, Samvel Karapetyan  is a thousand times more  liberated than  Armenian authorities:  son of Tashir State  Corporation`s head Even while in custody, Samvel Karapetyan  is a thousand times more  liberated than  Armenian authorities:  son of Tashir State  Corporation`s head 
Mikael Ajapahyan`s lawyers file an appeal against the decision to arrestMikael Ajapahyan`s lawyers file an appeal against the decision to arrest
Armenia, Vienna discuss ways to enhance cooperation in migrationArmenia, Vienna discuss ways to enhance cooperation in migration
Mirzoyan: Armenia seeks to strengthen ties with China without any  limitationsMirzoyan: Armenia seeks to strengthen ties with China without any  limitations
Armenian-Belgian consultations between Foreign Ministries of Armenia  and Belgium  held in YerevanArmenian-Belgian consultations between Foreign Ministries of Armenia  and Belgium  held in Yerevan
Armenia willing to join SCOArmenia willing to join SCO
Less than 10,000 out of approximately 150,000 internally displaced  persons  from Nagorno-Karabakh received citizenship  of ArmeniaLess than 10,000 out of approximately 150,000 internally displaced  persons  from Nagorno-Karabakh received citizenship  of Armenia
RA Minister of Justice announces creation of self-regulatory body in   media RA Minister of Justice announces creation of self-regulatory body in   media 
Pashinyan receives Ambassador of Sweden, who is concluding his  diplomatic mission in ArmeniaPashinyan receives Ambassador of Sweden, who is concluding his  diplomatic mission in Armenia
Results of meeting of Constitutional Reforms Council to underlie  ideology of new Constitution Results of meeting of Constitutional Reforms Council to underlie  ideology of new Constitution 
Financial assistance programme for some forcibly displaced  Nagorno-Karabakh Armenians to be continued until end of 2025 Financial assistance programme for some forcibly displaced  Nagorno-Karabakh Armenians to be continued until end of 2025 
Armenian law-enforcers confiscate over 7kg of marijuana Armenian law-enforcers confiscate over 7kg of marijuana 
Ardshinbank summed up the raffle organized for Mastercard Business cardholdersArdshinbank summed up the raffle organized for Mastercard Business cardholders
Global Fund to Fight AIDS, Tuberculosis and Malaria to allocate  $9.6mln to Armenia Global Fund to Fight AIDS, Tuberculosis and Malaria to allocate  $9.6mln to Armenia 
Armenia modifies order of compensations under ECHR judgments Armenia modifies order of compensations under ECHR judgments 
No one can deal with issue of Ruben Vardanyan`s release - Andrey  MovchanNo one can deal with issue of Ruben Vardanyan`s release - Andrey  Movchan
Armenia`s premier demands early election of Catholicos of All  Armenians Armenia`s premier demands early election of Catholicos of All  Armenians 
Checkpoint on Turkish-Armenian border  could be renamed Talaat Pasha  Border CrossingCheckpoint on Turkish-Armenian border  could be renamed Talaat Pasha  Border Crossing
Sargis Khandanyan elected Chair of General Committee on Democracy,  Human Rights and Humanitarian QuestionsSargis Khandanyan elected Chair of General Committee on Democracy,  Human Rights and Humanitarian Questions
Azerbaijani and Armenian leaders to meet in Dubai later in JulyAzerbaijani and Armenian leaders to meet in Dubai later in July
Archbishop Mikael Ajapahyan`s lawyers filed petition with  prosecutor`s office to terminate  criminal prosecutionArchbishop Mikael Ajapahyan`s lawyers filed petition with  prosecutor`s office to terminate  criminal prosecution
Read more



Commented