Armenia's capital expenditures to increase by 55% in 2022 — draft budgetOctober 25, 2021 - 17:13 AMT PanARMENIAN.Net - The draft budget for 2022 in Armenia forecasts an economic growth of 7%, while capital expenditures are expected to grow by 55%, Prime Minister Nikol Pashinyan said during the discussion of the draft budget for 2022 in parliament on Monday, October 25. “Although most of the current year was marked by an unstable political environment, as well as an unfavorable one in terms of national security, our economy now exceeds all growth forecasts for 2021. On the other hand, the government hopes for even better results,” Pashinyan said. According to him, in September 2021, an "absolute record" in terms of the number of paid jobs – 651,141 – was registered in Armenia, with the rate growing by 3% from 2020. “I hope that several large investment projects will be successfully completed. Their main goal is to transform Armenia from an exporter of ore and raw metal resources into a country of developed metallurgy,” the Prime Minister said. The state budget for 2022 is based on 3 priorities: reform of the security system, development of infrastructure, modernization of education and science. 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. |