{"id":108425,"date":"2017-06-26T17:53:19","date_gmt":"2017-06-26T17:53:19","guid":{"rendered":"https:\/\/armbanks.am\/2017\/06\/26\/246440\/"},"modified":"2024-12-15T13:29:51","modified_gmt":"2024-12-15T13:29:51","slug":"central-bank-released-28-9-billion-drams-to-support-mortgage-programs-in-2016-2","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/06\/26\/108425\/","title":{"rendered":"Central bank released 28.9 billion drams to support mortgage programs in 2016"},"content":{"rendered":"<p><strong>YEREVAN, June 26. \/ARKA\/.<\/strong> In 2016 Armenia\u2019s Central Bank released a total of 28.9 billion drams to finance mortgage programs, Central Bank chairman Arthur Javadyan said on Monday during a parliamentary discussion on 2016 state budget execution. He said the bulk of the money- 22.9 billion drams- were channeled into the credit organization &#8220;Apartments for Young Families.&#8221;<\/p>\n<p>He said the funds were used to provide housing to civil servants, young families, military servicemen and young professionals. He said the other 6 billion drams were provided to the National Mortgage Company as part of a mortgage refinancing program.<\/p>\n<p>In total, according to the head of the Central Bank, 97% of the funds earmarked as its administrative expenses for 2016 were executed, falling to 6.8 billion drams instead of the projected 7.06 billion drams.<\/p>\n<p>&#8220;The bulk of the Central Bank&#8217;s spending constituted of staff salaries, social payments, hospitality expenses, maintenance of cars and publication of necessary materials,&#8221; Javadyan said.<\/p>\n<p>He said in 2016 the Central Bank allocated 56 million drams for the purchase and repair of vehicles. ($ 1 &#8211; 480.45 drams). &#8211;0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2016 Armenia\u2019s Central Bank released a total of 28.9 billion drams to finance mortgage programs<\/p>\n","protected":false},"author":1,"featured_media":182351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12361,12345,14483,13079],"class_list":{"0":"post-108425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-cba","10":"tag-dram","11":"tag-mortgage-program","12":"tag-isahakyan"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/108425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=108425"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/108425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/182351"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=108425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=108425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=108425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}