The Minister of Finance of the Republic of Armenia, Vahagn Khachatrian, announced that the government budget for 2024 is projected to address labor and social issues with a budget of 755 billion AMD ($290 million). This represents an increase of 101 billion AMD ($390 million) compared to the previous year. Khachatrian stated that the financial investments in capital expenditure have proven to be highly effective. The budget’s focus will be on implementing 19 programs with a total of 83 activities. This significant allocation of funds reflects the government’s commitment to addressing important social and labor issues.

The discussion of the draft government budget for 2024 took place on November 6 at the National Assembly in Armenia. Khachatrian emphasized the need for adequate financial resources to tackle labor and social issues. The projected budget of 755 billion AMD ($290 million) signifies a substantial investment in these areas, demonstrating the government’s dedication to improving the lives of its citizens.

The increase of 101 billion AMD ($390 million) from the previous year’s figures indicates the growing importance placed on addressing labor and social issues in Armenia. Khachatrian highlighted that significant financial investments have been made in capital expenditure, resulting in tangible improvements in these sectors. The budget for 2024 aims to continue this positive trend by implementing 19 programs encompassing a total of 83 activities.

By allocating a substantial amount of funds to labor and social issues, the government of Armenia demonstrates its commitment to prioritizing the well-being of its citizens. Khachatrian’s announcement of a projected budget of 755 billion AMD ($290 million) for 2024 signifies the importance of addressing these critical areas. The government’s investment in capital expenditure has already shown positive results, and the budget for 2024 aims to build on this success by implementing a comprehensive set of programs and activities.