RA HOUSING MUNICIPAL ECONOMY FINANCED IN AMOUNT OF 22.2<br /> BILLION DRAMS IN 2006 <br />


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

  • 07-09-2007 21:20:00   | Armenia  |  Economy
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.
  -   Economy