TOTAL AMOUNT OF FINANCIAL EQUALIZATION SUBSIDES FOR ARMENIAN COMMUNITIES TO MAKE 32.5 BILLION DRAMS IN 2010
NOYAN TAPAN
NOVEMBER 2, 2009
YEREVAN
YEREVAN, NOVEMBER 2, NOYAN TAPAN. The total amount of financial
equalization subsides for Armenian communities, including state
compensation to communities under the RA Law on Local Self-Government,
will make 32.488 billion drams in 2010, which exceeds the amount
approved by the 2009 state budget and the respective annual consumption
index by 4.65 billion drams or 16.7%. First Deputy Minister of Finance
Pavel Safarian announced this at the November 2 joint sitting of the
RA National Assembly Standing Committees.
It is envisaged distributing subsidies of a total of 32.41 billion
drams to communities by the financial equalization principle in
accordance with the RA Law on Financial Equalization. A new system
of financial equalization will be introduced in order to improve the
efficiency of state financial assistance to the budgets of Armenian
communities and to mitigate the current polarization among communities
with various financial capacities.
The 2010 draft state budget envisages environmental subventions of
201.4 million drams for communities and subventions of 6.4 billion
drams to assist with the implementation of projects of the Yerevan
city community.
Environmental subventions of 201.4 million drams will be given to a
number of urban and rural communities in Syunik, Lori, and Kotayk
Marzes which are subjected to harmful impact as a result of the
operation of Zangezur Copper and Molybdenum Enterprise CJSC, Agarak
Copper and Milybdenum Enterprise CJSC, Armenian Copper Program CJSC,
Mika Cement CJSC, and Dzulakentron OJSC in Charentsavan.
The draft budget calculations are based on the settlement exchange
rate of 376 drams per dollar.
From: Emil Lazarian | Ararat NewsPress
