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Funds To Be Allocated To Armenia's Educational Sphere To Increase

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  • Funds To Be Allocated To Armenia's Educational Sphere To Increase

    FUNDS TO BE ALLOCATED TO ARMENIA'S EDUCATIONAL SPHERE TO INCREASE

    Noyan Tapan
    Nov 30, 2007

    YEREVAN, NOVEMBER 30, NOYAN TAPAN. The funds to be raised as a result
    of reforms to be implemented in Armenia's tax sphere will be allocated
    to the educational sphere. As Aristomene Varudakis, the Director of
    the World Bank (WB) Yerevan Office, said at the November 30 press
    conference, teachers' salaries have considerably increased as a result
    of reforms implemented in the educational sphere: in particular,
    by 65% in 2005, by 16% in 2006, and by 19% in 2007. Nevertheless, in
    his words, budget allocations need to the increased, and the credit
    of assistance to Poverty Reduction, 18.5m USD, allocated by WB lately
    will be also used for educational sphere's development.

    A. Varudakis said that the above mentioned sum will be used for
    implementation of reforms in customs and tax administration spheres. In
    particular, such systems will be introduced, which will enable people
    to deal less with employees of the above mentioned sphere. Besides,
    a special attention will be paid to illegal deforestations.

    It was mentioned the since 1992 WB has allocated 1.1bn dollars to
    Armenia for implementation of 49 programs.
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