Armenian government agencies’ expenditures in 2017 will be cut
01.11.2016,
16:24
Armenian government agencies’ expenditures in 2017 will be cut, deputy finance minister Atom Janjughazyan told a parliamentary hearing on next year’s draft budget organized by several committees.
YEREVAN, November 1. /ARKA/. Armenian government agencies’ expenditures in 2017 will be cut, deputy finance minister Atom Janjughazyan told a parliamentary hearing on next year’s draft budget organized by several committees.
According to him, the draft state budget for 2017 earmarks 88.2 billion drams for the maintenance of the state machinery, which make 1.63% of the projected GDP. According to the deputy minister, in 2016 this figure is 1.7% of GDP, in 2015 it was 1.87%.
Atom Janjughazyan said the budget earmarks 4.5 billion drams for the presidential administration, by 96 million drams less than in 2016. The parliament’s budget is 4.262 billion drams, by 448 million drams less than earmarked for the outgoing year. The government’s expenditures will be reduced by 177 million drams to 11.6 billion drams.
The Constitutional Court will receive 584.8 million drams, the Prosecutor General's Office -. 3.9 billion drams, the Investigative Committee - 5.760 billion drams, the Oversight l Chamber - 917.6 million drams, the Judicial Department - 8.6 billion drams, and the Civil Service Council- 475 million drams.
The justice ministry’s budget will be cut by 352 million drams to 13.6 billion drams. Of that amount 7.5 billion drams are earmarked for the needs of the correctional system, and 1.350 billion drams for the Enforcement Service.
Janjughazyan said also the Central Election Commission (CEC) is the only body whose budget will be increased to 3.6 billion because of the 2017 parliamentary and Yerevan City Council elections.
In a related development deputy governor of the Central Bank Nerses Yeritsyan said the regulator plans a slight increase in administrative expenses, but along with that it will reduce by 17% the money earmarked for official vehicles, by 8% the communication costs and by 26% the capital expenditures.
"At the same time we plan a slight increase in the salary fund, but less than usual," - Yeritsyan said, reminding that the Central Bank has been increasing the salary fund by almost 3% annually.
According to the draft state budget, the Central Bank’s budget is set at nearly 7 billion drams, of which about 6 billion drams will be paid as salaries.
According to the document, in 2017 the average salary in the commercial banks will amount to 697,000 drams, while the average salary in the Central Bank will be 603,500 drams. ($ 1 - 475.14 drams). -0-
According to him, the draft state budget for 2017 earmarks 88.2 billion drams for the maintenance of the state machinery, which make 1.63% of the projected GDP. According to the deputy minister, in 2016 this figure is 1.7% of GDP, in 2015 it was 1.87%.
Atom Janjughazyan said the budget earmarks 4.5 billion drams for the presidential administration, by 96 million drams less than in 2016. The parliament’s budget is 4.262 billion drams, by 448 million drams less than earmarked for the outgoing year. The government’s expenditures will be reduced by 177 million drams to 11.6 billion drams.
The Constitutional Court will receive 584.8 million drams, the Prosecutor General's Office -. 3.9 billion drams, the Investigative Committee - 5.760 billion drams, the Oversight l Chamber - 917.6 million drams, the Judicial Department - 8.6 billion drams, and the Civil Service Council- 475 million drams.
The justice ministry’s budget will be cut by 352 million drams to 13.6 billion drams. Of that amount 7.5 billion drams are earmarked for the needs of the correctional system, and 1.350 billion drams for the Enforcement Service.
Janjughazyan said also the Central Election Commission (CEC) is the only body whose budget will be increased to 3.6 billion because of the 2017 parliamentary and Yerevan City Council elections.
In a related development deputy governor of the Central Bank Nerses Yeritsyan said the regulator plans a slight increase in administrative expenses, but along with that it will reduce by 17% the money earmarked for official vehicles, by 8% the communication costs and by 26% the capital expenditures.
"At the same time we plan a slight increase in the salary fund, but less than usual," - Yeritsyan said, reminding that the Central Bank has been increasing the salary fund by almost 3% annually.
According to the draft state budget, the Central Bank’s budget is set at nearly 7 billion drams, of which about 6 billion drams will be paid as salaries.
According to the document, in 2017 the average salary in the commercial banks will amount to 697,000 drams, while the average salary in the Central Bank will be 603,500 drams. ($ 1 - 475.14 drams). -0-
