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 | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |