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The Government of Armenia provides regular financial assistance to the Republic of Artsakh
28.10.2021
The Government of Armenia provides regular financial assistance to the Republic of Artsakh

Pursuant the decision of the RA Government, AMD 13.5 billion will be provided to the Republic of Artsakh. At the Government sitting, the Minister of Finance Tigran Khachatryan noted that this is the fifth measure of this kind: in general since 2020 to date, almost AMD 120 billion assistance has been transferred to Artsakh.

In the framework of the measure, AMD 1.3 billion will be provided gratuitous and will be directed to financing electricity, gas supply and communication services of the population of Artsakh for November, 2021.

The draft also envisages the provision of an interstate loan to the Republic of Artsakh in the amount of AMD 12.2 billion for repayment of salaries, benefits, pensions, healthcare expenses, bonds for November envisaged by the 2021 State Budget of the Republic of Artsakh. The interstate loan is provided to Artsakh Government at an annual interest rate of 0.001%, with a repayment period till January 1, 2025.  

The draft decision is based on the Government Program for 2021-2026 and is aimed at restoring the post-war situation in Artsakh, revitalizing economic life and solving the social problems of the displaced population.