{"id":116996,"date":"2018-11-08T13:06:40","date_gmt":"2018-11-08T13:06:40","guid":{"rendered":"https:\/\/armbanks.am\/2018\/11\/08\/247983\/"},"modified":"2024-12-15T13:35:32","modified_gmt":"2024-12-15T13:35:32","slug":"armenian-government-to-consider-farmers-individually-in-easing-their-tax-burden","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/11\/08\/116996\/","title":{"rendered":"Armenian government to consider farmers individually in easing their tax burden"},"content":{"rendered":"

YEREVAN, November 8. \/ARKA\/.<\/strong> Gegham Gevorgyan, Armenian acting agriculture minister, said Wednesday presenting the 2019 draft government budget to parliamentary committees that the government should display personal approach in easing farmers\u2019 tax burden.<\/p>\n

\u201cThe government has already taken steps to ease the loan burden, but it is necessary to be cautious \u2013 it is necessary to differ the people who have invested the borrowed money in farming and then faced problems from those who have used the received money wrongly,\u201d he said.<\/p>\n

Gevorgyan said that the program of AMD 3-to-10-million preferential loans for farmers will not only be continued, but also expanded.<\/p>\n

\u201cThe pilot project showed that an average loan portfolio amounted to AMD 4.7 million in 2017 and already AMD 5 million in 2018,\u201d he said. \u201cThe targeted usage of the financial means was high as never before, and this has been verified by three different organizations.\u201d<\/p>\n

In his words, the area\u2019s loan portfolio amounted to AMD 16 billion by October 2018.<\/p>\n

\u201cWe are expanding the portfolio, and this will enable small economic entities to develop into a mid-scale category,\u201d the acting agriculture minister said.<\/p>\n

In the draft government budget for 2019, revenue is projected at AMD 1.5 trillion, spending at AMD 1.6 trillion and deficit at around AMD 150 billion.<\/p>\n

Capital spending will grow in 2019 to 3% of GDP from the 2.3% expected in 2018.<\/p>\n

Tax revenue in the draft budget for 2019 is projected at AMD 1 trillion 396 billion, and this will allow spending AMD 1 trillion 614 billion with the deficit of 2.2% of GDP or around AMD 150 billion. -0—-<\/p>\n","protected":false},"excerpt":{"rendered":"

Gegham Gevorgyan, Armenian acting agriculture minister, said Wednesday presenting the 2019 draft government budget to parliamentary committees that the government should display personal approach in easing farmers\u2019 tax burden<\/p>\n","protected":false},"author":1,"featured_media":171680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,14047,15841,12523,308],"class_list":{"0":"post-116996","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-armenia-2","10":"tag-farmers","11":"tag-government-2","12":"tag-tax","13":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/116996","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=116996"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/116996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/171680"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=116996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=116996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=116996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}