Thursday, April 30 2026 11:47
Alexandr Avanesov

AMD 1.059bln to be allocated from to co-finance subvention programs

AMD 1.059bln to be allocated from to co-finance subvention programs

ArmInfo. 1.059 billion drams will be allocated to co-finance subvention programs implemented in various regions of Armenia. The decision was made at a government  meeting on April 30.

As RA Minister of Territorial Administration and Infrastructure David  Khudatyan noted in his speech, the project envisages funding 20  subvention programs in 14 communities across the country.  Specifically, it is planned to implement one program in the  Aragatsotn region, three programs in the Ararat region, eight  programs in the Armavir region, one program in the Gegharkunik  region, one program in the Kotayk region, two programs in the Shirak  region, one program in the Syunik region, and three programs in the  Tavush region.

The minister emphasized that after the decision comes into force, the  total funding for the subvention programs will approach 4.117 billion  drams.

It should be noted that the programs are financed by both the state  budget and the budgets of local governments. Applications for the  programs are primarily aimed at capital investments in communities,  specifically the improvement of streets, parks, gardens, and  playgrounds; the construction and renovation of community buildings,  cultural centers, kindergartens, and event halls; the construction  and renovation of water, sewer, and irrigation networks; night  lighting; and the gasification of populated areas.