Pashinyan: Armenia planning no budget support loans for 1st time everJanuary 27, 2020 - 14:25 AMT PanARMENIAN.Net - 2020 will be the the first year in Armenia’s history that the government will not be borrowing budget support loans, Prime Minister Nikol Pashinyan said in a Facebook post on Monday, January 27. Pashinyan revealed that loans from external sources will be used for specific programs and are set to be ratified by the National Assembly. “Capital expenditure envisaged by the state budget for 2020 grew 21% compared to 2017, 90% compared to 2018, and more than 30% compared to the 2019 budget,” the Prime Minister said. Pashinyan added that a total capital expenditure of AMD287.7 billion is expected in 2020. The National Assembly approved Armenia's budget for 2020 in December 2019. The budget predicts a growth of 4.9% for the coming year, while deficit is projected at AMD 160.7 billion. 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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |