Armenia has never provided so much aid to Artsakh as it does today, says PM

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YEREVAN, APRIL 13, ARMENPRESS. Prime Minister Nikol Pashinyan assures that Armenia has never provided so much aid to Artsakh as today.

During the presentation of the performance report of the government’s action plan 2021 to the parliament, the Prime Minister of Armenia first mentioned the main achievements registered last year. “The elections, which took place after the devastating war, showed the resilience of our state and our people, our will to have a state, raised the international reputation of Armenia and underlined our commitment to democracy and democratic values. For the first time in the history of the Third Republic, the 2021 elections have become a means of overcoming the internal political crisis, but not a reason for an internal political crisis,” the Prime Minister said.

He said that after the 44-day war, the political majority found the strength to guard and protect the highest authority of the people by going to slam legislative elections in an atmosphere of public unrest, riots, attacks and threats. The Prime Minister said that with the electoral process last year, Armenia not only overcame the internal political crisis, but also, according to international institutions, was included in the list of countries with electoral democracy and has removed from the list of countries with electoral authoritarianism. . He said that with this Armenia, in fact, entered the highest league of democracy, calling this a very important achievement.

According to the Prime Minister, another key achievement was that macro-economic stability was ensured in the heavy post-war period. He said this situation is also worsening due to domestic politics and the coronavirus crisis, uncertain security environment and panic. “Under such conditions, it was not only possible to maintain public administration and economic stability, but also to carry out a distribution of Eurobonds on an unprecedented scale, 750 million dollars, at the interest rate the lowest compared to all state emissions,” Nikol Pashinyan said. .

He recalled that Fitch Ratings and Moody’s reaffirmed the ratings assigned to Armenia with a stable outlook.

“These are very high and significant valuations for a country that has survived a war. And these assessments have also been approved in practice, in accordance with the political resistance of our country, by demonstrating economic and financial resistance. And suddenly, the revenue of the fiscal budget for 2021 was exceeded by 147 billion drams as expected at the beginning of the year. In other words, in the post-war crisis year, the government not only did not reduce spending, but also had the opportunity to finance additional spending. A large part of this additional expenditure was devoted to solving the socio-economic problems of war-wounded Artsakh. And in this context, when the government implemented a program worth 136 billion drams in Artsakh from November 2020 to the end of 2021, and envisaged financing 144 billion drams by the 2022 budget, there has people claiming that Armenia has washed its hands of Artsakh. Armenia has never provided so much aid to Artsakh as it does today,” said Nikol Pashinyan.

The Prime Minister added that an unprecedented scale of capital spending was achieved in the year under review – 100% as planned at the start of the year. He said there had never been such a character in the history of Armenia. The absolute capital expenditure figure for 2021 was also unprecedented in the history of the Third Republic – 217.8 billion drams. The 92.3% performance of 2021 against the adjusted investment plan is the highest indicator of the last 4 years.

“As a result, the number of jobs was 659,471 in December 2021, which is an all-time high for the entire history of Armenia’s previous period. Job growth, compared to the same month of 2020, was 6.1%, compared to the same month of 2019 – 4.9% and the same month of 2018 – 12.1%.The average and gross salary increased significantly,” noted the Prime Minister.

The government sees increased financing of capital expenditure and efficiency as one of the key factors in solving the socio-economic problems facing the country because, he said, this opens up new jobs, raise wages. For 2022, the government has planned capital expenditure of about 350 billion drams.

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