Parliament approves Armenia’s budget for 2019November 22, 2018 - 14:04 AMT PanARMENIAN.Net - The Armenian parliament on Thursday, November 22 approved thebudget for 2019, with 66 lawmakers voting in favor and 4 against, and 2 abstaining. Accordingly, budget revenues will stand ad AMD 1.462 trillion (approx. $3.017 billion), while expenditures will top AMD 1․614 trillion ($3.331 billion), creating a AMD 151․6 billion (more than $3.51 million) deficit. As reported earlier, the country is planning to increase defense expenditures by 25% year-on-year. Under the new budget, AMD 307 billion (more than $625 million) will be allocated to the Defense Ministry. From this sum, AMD 300.5 billion will be spent on military defense measures. The defense budget of 2018 had grown 17.6% against the previous year. 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 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. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |