Provinces to receive over AMD 1.5 bln in subsidy aid

Provinces to receive over AMD 1.5 bln in subsidy aid

PanARMENIAN.Net - The Armenian government has approved the allocation of over 1.58 billion drams in state support for regional projects under the subsidy (subvention) program. The decision was announced during a Cabinet meeting.

Deputy Minister of Territorial Administration and Infrastructure Armen Simonyan stated that the initiative aims to co-finance community infrastructure development projects from the 2025 state budget.

According to the plan, 26 projects submitted by 24 communities will be co-funded.

“With the adoption of this decision, the total co-financing from the 2025 state budget for subvention programs will reach 14.9 billion drams,” Simonyan added.

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