YEREVAN. - Armenia’s expenses on education will amount to 2,4% of the planned GDP in 2016, according to the Draft State Budget for 2016, the debate on which ended in the parliament today. Overall, 131,9 bln AMD ($274 mln) should be allocated for this purpose.

Besides, 76,7 mln AMD will be directed to the general education, which is 3,1% more than in 2014.

Nearly 4,7 bln AMD will be allocated to the out-of-school education, which is 0,4% less than in 2015.

2,8 and 8,5 bln AMD - almost the same amount as in 2015 - is earmarked for vocational and vocational secondary education respectively.  

Expenses on the higher education must amount to 12,2 bln AMD, which is 7% more than in 2015.

Apart from this, roughly 2,8 and 2,0 bln AMD is planned to be spent in the framework of the World Bank Education Improvement Project and the School Seismic Safety Improvement Program of the Asian Development Bank (ADB) respectively.