Armenian government plans 90% more funding for ministry of high-tech industry

10:43, 2 November, 2021

YEREVAN, NOVEMBER 2, ARMENPRESS. The government budget for 2022 envisages a 89,4% increase of funding for the ministry of high-tech industry, the minister of finance Tigran Khachatryan said at a parliamentary committee discussion.

“The 2022 draft state budget envisages 17 billion 278 million drams for the ministry of high technological industry, which is 8 billion 155 million drams more compared to 2021,” he said. In 2021, the high tech industry ministry had a 9 billion 123 million dram budget. The funding will thus increase by 89,4%.

Meanwhile, the ministry of economy and the ministry of territorial administration and infrastructures will receive 26,9% and 31,6% more funding respectively.

Editing and Translating by Stepan Kocharyan

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS