Armenia eyes bigger economic growth than outlined in the budgetApril 6, 2017 - 13:39 AMT PanARMENIAN.Net - The Armenian government aspires to a much higher rate of economic growth for medium-term programs, than the 3.2% projected in the budget, finance minister Vardan Aramyan told a cabinet session on Thursday, April 6. “It’s very important for us to redirect additional resources to capital expenditure. We have had several rounds of discussions on prioritizing the funding of projects which are capital in nature,” Aramyan said. “We have outlined projects worth $98 million which can be implemented this year.” The minister said the $98 million will have a definite impact on debt and deficit rates. On the other hand, he said, it’s important to stabilize the debt over the medium term. “We have good news here. We overfulfiled the AMD 1,135 trillion plan by about AMD 11.5 billion,” the minister said, adding that they hope to maintain the same pace of development in the future. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |