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Pashinyan: Armenia planning no budget support loans for 1st time ever

panarmenian.net01/27th/2020, 10:30

Pashinyan: Armenia planning no budget support loans for 1st time ever

January 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...

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