Artsakhpress

Economy

Capital expenditures for 2020 make 16.3% of State Budget. Minister

The draft decision on the state order for capital investments envisaged by Artsakh State Budget 2020 was approved at the session of the Government of Artsakh Republic.

Capital expenditures for 2020 make 16.3% of State Budget. Minister

Capital expenditures for 2020 make 16.3% of State Budget. Minister
STEPANAKERT, FEBRUARY 6, ARTSAKHPRESS: As “Artsakhpress”reports, Minister of Urban Planning of Artsakh Republic, Karen Shahramanyan said at today's sitting of Artsakh Government.
According to him, the draft decision was thoroughly discussed with heads of regional administrations and departments. Speaking about the priority directions of the state order of capital investment program implemented at the expense of the 2020 state budget, the minister noted: “Work will be carried out in the followingdirections: housing construction, which includes the following sub-projects: renovation, construction or purchase of apartments for large families, for families of fallen freedom fighters and solution to housing issues for children left without parental care. Funds will also be allocated to the spheres of road construction, culture and sports, installation of water supply and drainage systems in the Artsakh settlements, reconstruction of heating system and modernization of energy systems,"  the minister said.
Karen Shahramanyan also said that capital expenditures at the expense of 2020 state budget will amount to 19 billion 780 million drams (or 16.3%) against 24 billion 086 million 800 thousand drams of the previous year. The minister also noted that 400 million drams will be allocated to Stepanakert Municipality, which will be used for renovation of city headwalls, stairs, construction of playgrounds and yards, reconstruction of fountains, sidewalks and other works.

     

Politics