YEREVAN. – Armenian Prime Minister Nikol Pashinyan presented traditional “100 facts about new Armenia” during his press conference on 25 January.
In his address, he mentioned that the Armenian government raised its budgetary tax revenues by 505.4 billion drams in 2018-2019.
According to preliminary reports, the GDP growth accelerated to 7.5%, a 1.6 % rise as compared with 2017 and a 1.3% as compared with 2018. The assessment by International Monetary Fund suggest Armenia is a leader in the Eurasian Economic Union and the CIS countries, as well as the European region with the results of the first three quarters.
Pashinyan also informed about the increase in the capital expenditures by 30% in 2019 as compared with the previous year.
The fund allocated for social needs and the development of the human capital increased by around 13% in the 2020 budget. As for budgetary funding to economic relations, Pashinyan said it increased by 47% to 195.4 billion drams in 2019. The funding for road construction rose by 91% to 110.2 billion, he added.
Pashinyan noted that the governments increased the funds for those affected by the 1988 earthquake as well as funding to solve the accommodation issues in the disaster-affected areas.
As for foreign investment, they made around 2.147 billion in January-September 2019 increasing by 465 million as compared with previous year. The government confirmed 57 investment projects worth 212 billion drams.
Speaking about the defense ministry, Armenian PM pointed to the budgeted increase in funding that reached 307 billion drams.
Armenian PM signaled about a 49.3% increase in employment rate in Q3 of 2019. In addition to this, around 230 IT companies, 30 of them founded by the Diaspora representatives, got tax preferences from the Armenian government last year.
Pashinyan welcomed a 14.4% rise in a number of tourists visiting Armenia in 2019. Overall, 1.459.152 tourists visited the country from January to September 2019. Armenia and Yerevan were mentioned as promising tourist destinations in a number of authoritative media outlets, including Forbes, Financial Times, The Telegraph and others, he added.