ArmInfo. Financing for the tourism sector will be reduced in 2025, as stated by Armenian Minister of Economy Gevorg Papoyan at the budget hearings in the Parliamentary committees on November 4. Recall that in 2024, 1.5 billion drams were allocated from the state budget to the tourism sector, and 1 billion drams in 2023. Prior to that, the annual funding from state funds was approximately 200 million drams.
Papoyan explained that until the strategy for the tourism sector is approved, the department must spend a minimum of 800 million drams on the implementation of the planned programs and activities. Once the strategy is adopted, the amount of funding may be adjusted. The Minister noted that the industrial strategy is currently in the stage of active discussions. At the same time, he mentioned the 5-year loan program implemented with the World Bank for $ 100 million, which will be directed towards the construction of 10 tourism clusters in Armenia. Specifically, these clusters will be located in Yeghegis, Jermuk, Dvin, Dilijan, Sevan, Areni, Gyumri, Goris, Aparan. Note that according to the Tourism Committee, , 1.72 million tourists visited Armenia from January to September 2024, which is 7% lower than the previous year's figure.
