Time in Yerevan: 11:07:36,   18 September

Armenia’s Government increases loan allocated to Karabakh

Armenia’s Government increases loan allocated to Karabakh

YEREVAN, APRIL 2, ARMENPRESS: The Government of the Republic of Armenia has amended one of its earlier decrees and has increased the amount of the loan to be allocated to the Government of the Nagorno Karabakh Republic. Last year the Armenia’s Government decided to allocate 21 billion 822,8 million drams in the first half of this year, though the mentioned amount is not enough to finance the necessary programs of the Government of Karabakh in the first half of the year.

Armenpress reports that the Minister of Finance of the Republic of Armenia stated that by the adopted amendments it was decided to shift 2 billion drams, intended for the “Interstate loan to the Nagorno Karabakh Republic” from the fourth trimester of the year of 2015 to the first half of the year and 3 billion 500 million drams will be shifted from the fourth trimester of the year of 2015 to the first half of the year by the expenditure program “Armenian’s Government reserve fund”.

 








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