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.