Yerevan City Council approves mid-term spending program for 2023-2025

YEREVAN, OCTOBER 18, ARMENPRESS. The Yerevan City Council approved the 2023-2025 mid-term spending program of the city.

Revenues are projected at 106,3 billion, 111,5 billion and 153,4 billion drams respectively for 2023-2025.

Revenue growth is forecast in almost all budgetary divisions and groups.

Spending is envisaged at 107,5 billion, 111,8 billion and 155,5 billion drams respectively and are aimed at “the proportional and sustainable development” of the city.

The spending part is in line with revenues and is mostly related to educational, environmental and construction projects.