Foreign Affairs and International Trade Ministry budget to increase by around AMD 3.4 billion
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Armenia’s Ministry of Foreign Affairs and International Trade is set to receive AMD 22.515 billion from the 2027 state budget, an increase of AMD 3.389 billion on this year’s allocation.
Finance Minister Vahe Hovhannisyan announced this at a joint sitting of the National Assembly’s standing committees.
Of the ministry’s allocation, AMD 480 million will go towards capital expenditure.
The minister also presented figures for targeted programmes to be implemented next year with support from European Union countries.
“The 2027 budget provides for programmes worth AMD 41.809 billion, of which AMD 7 billion is co-financed by the government and AMD 34 billion is provided by various institutions. These programmes cover irrigation system rehabilitation, solid waste management, road network improvements, water supply and wastewater services, urban development, regional development, checkpoint modernisation and energy efficiency,” Hovhannisyan said.
The minister noted that programmes implemented with the Eurasian Economic Union also totalled AMD 41 billion, all of which concerned road network improvements.
“Construction of the Kajaran–Agarak road and tunnel is financed through a loan programme, with AMD 19 billion in funding and AMD 21 billion in government co-financing,” the finance minister said.