YEREVAN, October 29. /ARKA/. In the 2014 draft budget, the Armenian government projects subsidies for provinces at AMD 39.1 billion, Pavel Safaryan, the first deputy finance minister, said today presenting the draft budget to the National Assembly.
He said that funds for particular educational, healthcare or other projects are not included in the mentioned amount. The deputy minister said that subsidies depend on budgets of municipalities and the population – more or less 300 people.
Communities having no more than 300 residents will be provided with AMD 3.5 million, just as in 2012. For other communities subsidies will be calculated in accordance with the law – taking into account per-capital land and property tax.
As an exception, subsidies for Artsvashen village in Gegharkunik province will amount to AMD 4.6 million.
In the 2014 consolidated government budget, revenue is projected at AMD 1 trillion 134 billion, spending at 1 trillion 244 billion and deficit at AMD 110 billion.
GDP growth is projected at 5.2% and a 12-month inflation rate at 4% (±1.5%). ($1 – AMD 405.76). .----0---