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Population-Paid Construction In Ten Months Surged By 39.4 Percent To

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  • Population-Paid Construction In Ten Months Surged By 39.4 Percent To

    POPULATION-PAID CONSTRUCTION IN TEN MONTHS SURGED BY 39.4 PERCENT TO 67.4 BILLION DRAMS: ARMSTAT

    YEREVAN, December 3. / ARKA /. Population-paid construction in the
    first ten months of this year surged by 39.4 percent year-on-year
    to 67.4 billion drams, according to the latest numbers released by
    Armenia's National Statistical Service (ArmStat). It said 63.04 billion
    drams of that amount were spent on construction and installation work.

    Population-paid construction accounted for 21.4 percent in the overall
    volume of construction implemented in the reporting period of time.

    Corporate-paid construction accounted for 49.1% (about 154.7 billion
    drams), 8.2% (25.8 billion) were paid by money from foreign loans
    and 16.3% (more than 51.5 billion drams) came from government budget.

    The total volume of capital construction in the reporting period
    funded by all sources amounted to about 315.1 billion drams. The
    overall volume of construction was said to have dropped by 1.2%
    from a year before. ($ 1 - 405.32 drams). -0-

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