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.
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.