Armenia's capital expenditures to increase by 55% in 2022 — draft budgetOctober 25, 2021 - 17:13 AMT PanARMENIAN.Net - The draft budget for 2022 in Armenia forecasts an economic growth of 7%, while capital expenditures are expected to grow by 55%, Prime Minister Nikol Pashinyan said during the discussion of the draft budget for 2022 in parliament on Monday, October 25. “Although most of the current year was marked by an unstable political environment, as well as an unfavorable one in terms of national security, our economy now exceeds all growth forecasts for 2021. On the other hand, the government hopes for even better results,” Pashinyan said. According to him, in September 2021, an "absolute record" in terms of the number of paid jobs – 651,141 – was registered in Armenia, with the rate growing by 3% from 2020. “I hope that several large investment projects will be successfully completed. Their main goal is to transform Armenia from an exporter of ore and raw metal resources into a country of developed metallurgy,” the Prime Minister said. The state budget for 2022 is based on 3 priorities: reform of the security system, development of infrastructure, modernization of education and science. 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 | Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |