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RA Housing Municipal Economy Financed In Amount Of 22.2 Billion Dram

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  • RA Housing Municipal Economy Financed In Amount Of 22.2 Billion Dram

    RA HOUSING MUNICIPAL ECONOMY FINANCED IN AMOUNT OF 22.2 BILLION DRAMS IN 2006

    Noyan Tapan
    Sep 7, 2007

    YEREVAN, SEPTEMBER 7, NOYAN TAPAN. 22.2 bln drams (about 55.5 mln USD)
    was allocated from the state budget to the RA housing municipal economy
    in 2006, which was 83.9% of the programmed index. The deviation from
    the program was mainly conditioned by the low fulfilment index of
    some credit and grant programs financed from foreign sources. The
    main part of resources - 80% was allocated to programs on housing,
    housing construction, water supply and sewerage systems. The deputy
    minister of finance and economy, chief treasurer Atom Janjughazian
    stated this at the September 7 joint sitting of the RA National
    Assembly standing committees.

    According to him, expenditures on housing municipal economy accounted
    for 4.6% of the overall expenditures of the state budget - against
    5.4% in the previous year. In particular, expenditures on housing and
    housing construction amounted to 11.3 bln drams, which made 93.8%
    of the sum envisaged by the state budget, including 1.8 bln drams
    on providing homeless families of first and second category disabled
    servicemen with apartments and improvement of their living conditions,
    461.3 mln drams on the state assistance program against the money
    invested by shareholders of building societies, and 349.3 mln drams
    spent on the apartment construction program.
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