YEREVAN. - The Armenian Government will allocate 5 billion AMD to provinces from its reserve fund for urgent matters.

PM Karen Karapetyan stated the aforementioned at the consultation in the Government on Friday.

“These funds should be managed very strictly, transparently and openly. Based on the results of program implementation, we will also allocate additional sums, considering the efficiency of the work done. The mentioned 5 billion AMD was not included in the budget: we received it as a result of the optimization of budgetary expenditures,” Karapetyan stressed.

Referring to the investment programs submitted by provinces for consideration, the PM noted that the
Ministry of Economic Development and Investments has been instructed to report on the implementation process of each approved program every day.  “It is necessary to pay attention to the business circle. Business is the development of our country and provinces, as well as opening of new jobs,” he noted. 

Furthermore, Karapetyan highlighted the importance of constant retraining of farmers.  “The entire theory of our agriculture was based on the implication that the farmers know everything about agriculture. Proceeding from this, we provided them with seeds, diesel fuel and fertilizers, supposing that they know what to do with them. But this is not so. We have no modern farmers, cooperatives and technologies. But we have a chance to create agriculture, which will be an example for others to learn on,” Karapetyan said.

Minister of Territorial Administration and Development, Davit Lokyan, for his part, informed that 668 of 792 community development programs have been approved.