Armenian government approves release of 40.5 million drams for political parties represented in the national assembly

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27.09.2012, 17:54

The Armenian government has approved today release of 40.5 million drams for political parties represented in the National Assembly, Armenia’s one-chamber parliament.

Armenian government approves release of 40.5 million drams for political parties represented in the national assembly

YEREVAN, September 27. / ARKA /. The Armenian government has approved today release of 40.5 million drams for political parties represented in the National Assembly, Armenia’s one-chamber parliament.

Finance minister Varche Gabrielian said under the law "On political parties", the country's annual budget earmarks funds for parties which overcome the 3% threshold in parliamentary elections.

Accordingly, the Republican Party of Armenia will receive 18.2 million drams, the Prosperous Armenia - 12.5 million, the Armenian National Congress - 2.9 million, Zharangutyun (Heritage) - 2.4 million, the Armenian Revolutionary Federation - 2.3 million and Orinats Yerkir (Country of Law) - 2.3 million drams. ($ 1-405,87 drams). -0-

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