YEREVAN, Oct. 27. /ARKA/. A $100 million loan agreement between Armenia and the Asian Development Bank was among the non-negotiated bills approved by the government of Armenia at Thursday’s meeting.
The government wants to use the money to finance the 2022 budget deficit. “Therefore, timely receipt of credit funds is of great importance in terms of financing the expenditures provided for by the state budget,” the government said.
Armenia’s 2022 state budget calls for 1 trillion 947.8 billion drams in revenues (17% more compared to 2021) and 2 trillion 184 bln. drams in spending (10% more than last year’s figure).
The state budget deficit is projected at 236.2 billion drams, GDP growth is projected at 7%. -0-
