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Economics

Armenia government approves 700 subsidy programs

YEREVAN. – At Thursday’s Cabinet meeting, the interim government of Armenia made a decision to allocate 827,758,200 drams to the regional administrations of Armavir, Gegharkunik, Lori, Kotayk, Syunik, and Vayots Dzor Provinces in order to provide their communities with subsidies other than those provided by the state budget.

According to the respective substantiation, during the meetings of the interdepartmental commission for evaluation of program applications for receiving subsidies in 2020, a total of 700 subsidy programs were discussed and approved by this commission.

These applications are mainly aimed at capital investments in communities.