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March 29
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The budget revenues of Yerevan will increase by AMD 3 billion 307 million in 2019, expenses will be up by AMD 3 billion 149 million, and the deficit will decrease by AMD 158 million 272 thousand. The decision was adopted on Tuesday at a meeting of the Council of the Elder of Yerevan.

The amount of loans granted to the Mayor of Yerevan under a number of programs, including the investment program for sustainable development of the city with the support of the Asian Bank, increased by AMD 3 billion 300 million. It is proposed to reduce the volume of the investment program for sustainable development of the city with the support of the Asian Bank by AMD 933 million, to reduce the volume of the Solid Waste Management program with the support of the European Investment Bank by AMD 455 million 418 thousand, and to reduce the volume of the Solid Waste Management program waste, supported by the European Bank for Reconstruction and Development, by AMD 848 million 161 thousand, to increase the amount of the City Lighting of Yerevan project, supported by the European Bank Reconstruction and Development by AMD 1 billion 303 million.

The amount of loans for the investment program for sustainable development with the support of the Asian Bank will increase by AMD 4 billion 233 million. It is also planned to increase revenues by AMD 7 million 827 thousand under the Museum Services and Exhibitions program, which is associated with a higher level of expected fees in three museums in Yerevan.

The volume of the Yerevan Energy Efficiency project, implemented with the support of the European Investment Bank, will be reduced by AMD 158 million 272 thousand.

AMD 33 million 272 thousand will be allocated to Parking City Service CJSC and AMD 125 million to acquire a share in the charter capital of Yerevan Bus CJSC. As a result of a number of decisions, the budget deficit of Yerevan will be reduced by AMD 158 million 272 thousand.

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