RA Prime Minister: Having invested 271 million drams in New Year`s  events, it was possible to ensure the growth of money circulation by  9.307 billion drams

ArmInfo.Having invested 271 mln drams in New Year's events on the Republic Square of Yerevan, it was possible to ensure the growth of money circulation in Armenia  by 9.307 bln drams. About this on his Faceebok page under  "A  conversation with a citizen," stated Prime Minister Nikol Pashinyan.

According to him, many were skeptical of the idea of sending 271  million drams for New Year's events from December 28, 2019 to January  6, 2020, considering this step by the RA government to be  inappropriate. However, the increase in money circulation by 9.307  billion drams compared to the previous year indicates the opposite.  Moreover, according to the most conservative estimates, out of the  indicated amount of 9.307 billion drams, more than 325 million drams  will go to the state budget in the form of taxes.  Thus, the head of  government continued, having invested 271 million drams, the state  will not only return these funds, but will also receive additional  income.

He also noted that out of a cash turnover of 9.307 billion drams,  more than 4 billion fell on the country's regions. And this, as Nikol  Pashinyan noted, indicates that tourists and representatives of the  Armenian diaspora spent time not only in the capital of Armenia, but  also in the regions. For example, he was impressed by the number of  tourists on Lake Sevan, which he visited on January 2. Small kiosks,  taxi drivers, and representatives of small and medium-sized  businesses were able to take advantage of state investments. Holding  such events, as noted by the Prime Minister, provides opportunities  for citizens to find a job and solve their problems.