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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |