ARMENIA’S SCIENCE WILL GET 12.7 BILLION DRAMS IN FUNDING NEXT YEAR

YEREVAN, October 30. / ARKA /. Armenia’s science will get 12.7 billion
drams in funding next year if the government-drafted 2014 budget goes
through the parliament. Deputy finance minister Pavel Safaryan told
a parliament discussion on the budget today that the earmarked figure
represents an 11.3 percent rise form this year’s funding.

According to Safarian , a substantial part of the funds – 9.2 billion
drams – will be used for basic funding, which is 67 million drams more
than this year. Also 1.5 billion drams are earmarked for contractual
financing.

Also 446 million drams are set aside for additional payment to
scientists and researchers with academic degrees, by 5 million drams
more than this year. This community includes 770 doctors of science
who get 20,000 drams for their degrees and 2,180 and Ph.Ds., who get
10,000 drams.

The government plans to collect next year 1. 134 trillion drams in
revenue and spend 1.244 trillion drams. The projected deficit is 110
billion drams. The GDP is projected to grow by 5.2 % and the 12-month
inflation rate is planned at 4 % (± 1.5%) ($ 1 – 405.76 drams). .-0-

– See more at:

From: Emil Lazarian | Ararat NewsPress