The Armenian government adopted unanimously on Thursday a draft law on providing financial assistance to the political parties and blocs that garnered three or higher percent of the votes during the December 2018 snap parliamentary elections in the country.

Under the bill, a total of 105 million 725 thousand Armenian drams will be allocated to four parties and one bloc. In particular, the ruling My Step bloc will receive 78 million 6 thousand drams, the Prosperous Armenia Party – 9 million 150 thousand drams, the Bright Armenia Party – 7 million 56 thousand drams, the former ruling Republican Party of Armenia – 5 million 208 thousand drams, and the Armenian Revolutionary Federation-Dashnaktsutyun (ARF-D) – 4 million 303 thousand drams.

Addressing the cabinet meeting, Deputy Prime Minister Tigran Avinyan stressed that the development of the party system is crucial for a parliamentary country. “Parties in Armenia should develop and continuously operate at a higher level,” he said.