Armenia’s Budget Deficit to Exceed Projections in 2024, Minister of Finance Reveals
Armenia’s 2024 budget deficit expected to exceed projections due to additional spending on programs for displaced Artsakh residents. Minister of Finance, Vahe Hovhannisyan, assures that this increase will not adversely affect the country’s fiscal state as the funds were originally deemed as loans.
“Government Budget Set to Soar: Whopping 755 Billion AMD Allocated to Address Labor and Social Issues by 2024”
The government budget needs 755 billion AMD ($290 million) by 2024 to address labor and social issues. This marks an increase of 101 billion AMD ($390 million) compared to 2023. Minister of Finance Vahagn Khachatrian discussed the draft budget at the National Assembly, emphasizing the efficacy of financial investments in capital expenditure. The program aims to implement 19 programs with 83 activities. From Armenia – NEWS.am.
Armenia to Receive 17.9 Million Euros in Financial Aid from the European Union for Judicial Reforms and Education in 2024
Armenia expects to receive €17.9M in financial aid from the EU in 2024. The funds will support judicial reforms and education, with a total program value of €32M. Minister of Finance, Vahé Hovhannisyan, announced this during the government’s budget plan discussion on November 3, 2024. Source: News.am.
Armenia’s Minister of Finance Commends REDB’s Ongoing Support and Readiness to Expand Efforts
Armenia’s Minister of Finance welcomes the CEO of REDB and discusses ongoing programs in the construction field, including support for displaced persons. Grateful for REDB’s readiness to provide necessary support and evaluate needs.