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Tourism: Armenian State Budget Changed Structure Of Financing Touris

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  • Tourism: Armenian State Budget Changed Structure Of Financing Touris

    ARMENIAN STATE BUDGET CHANGED STRUCTURE OF FINANCING TOURISM

    news.am
    Sept 29 2011
    Armenia

    YEREVAN. - Armenian state budget-2012 intends to allocate AMD 50
    million ($135,000) for tourism. The amount of has not changed compared
    to 2011. However, expenses will significantly change.

    Half of the expenses (AMD 26.4 million) in 2011 were spent on program
    implementations. In 2012 those expenses will be fully excluded,
    which will allow their effective redirecting. Financing traditional
    festivals has increased for 3 times up to AMD 9.8 million. Expenses
    for setting and spreading advertisement materials increased from AMD
    4.2 to 7.3 million.

    Larger amounts will be allocated for the touristic exhibitions as well
    as international cooperation in the tourism sphere. Thus, overall,
    the policy has become more targeted in the sphere of tourism.

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