Armenian political parties to receive AMD 40,5mln funding

Armenian political parties to receive AMD 40,5mln funding

PanARMENIAN.Net - Armenian government approved a decision September 27 to allocate AMD 40,5 mln to political parties represented in the National Assembly in 2012 fourth quarter.

As Finance Minister Vache Gabrielyan noted, parties having received 3% election threshold get annual state funding.

2012 draft budget envisaged allocation of AMD 69,5 mln, with AMD 29 mln already allotted.

The remaining AMD 40,5 mln. will be distributed as follows: AMD 18,2 mln. to the ruling Republican Party of Armenia (RPA), AMD 12,5 mln to Prosperous Armenia, AMD 2,9 mln to the Armenian National Congress (ANC) opposition bloc, AMD 2,4 mln to Heritage, AMD 2,3 mln. to ARF Dashnaktsutyun and AMD 2,3 mln to Orinats Yerkir.

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