Anti-Corruption National Initiative
ANTI-CORRUPTIONNATIONALINITIATIVE

News.am: The Budget of the Ministry of Foreign Affairs and International Trade Will Increase by Around 3.4 Billion Drams in 2027

The Ministry of Foreign Affairs and International Trade of Armenia is expected to receive 22 billion 515 million drams from the 2027 state budget, 3 billion 389 million drams more than the amount allocated for the current year. Armenian Minister of Finance Vahe Hovhannisyan stated this on November 5 during a joint session of the parliamentary standing committees, while discussing the draft 2027 state budget.

Of the funds allocated to the ministry, 480 million drams will be directed toward capital expenditures.

The minister also presented the figures for targeted programs that will be implemented in 2027 with the support of European Union countries.

“Under the 2027 state budget, the implementation of programs worth 41 billion 809 million drams is planned, of which 7 billion drams will be co-financed by the Government, while 34 billion drams will be provided by various structures. These programs are being implemented within the framework of measures aimed at rehabilitating the irrigation system, managing solid waste, improving the road network, water supply and drainage, urban and territorial development, modernizing checkpoints, as well as increasing energy efficiency,” Hovhannisyan said.

According to the Minister of Finance, the volume of programs being implemented jointly with the Eurasian Economic Union also amounts to 41 billion drams. The entire amount is intended for improving the road network.

“The construction of the Kajaran–Agarak road and tunnel is being financed through a loan program. Funding of 19 billion drams is planned here, along with 21 billion drams in co-financing from the Government,” the minister said.

News.am

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Arpine Hovhannisyan: Bank executives receive hundreds of millions of drams annually, but banks do not provide information on expenditures for protecting citizens’ financial funds

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