The subsidies to cover extra costs of electric power won't be provided from Armenia’s state budget, Prime Minister said.

Hovik Abrahamyan, however, didn't expand on the sources the funding will be provided from. He also refrained from comments on the Electric Networks of Armenia’s possible nationalization, Tert.am reports.

“It is still too early to discuss that. We still have to wait for debates; as a result of the auditing, we’ll have what we will and will by all means make our decision public,” he told reporters.

The PM did not respond to remarks about the reported allegations that the auditing will fall short of revealing the abuses in the system. He said the outcomes will be known as early as in July.