YEREVAN. – Hraparak daily writes: The authorities are trying to make a furor that as if this year the European Union [(EU)] will provide 92 million euros to Armenia.

Our sources confirmed the suspicions that this is not a new amount, but a redistribution of the money provided to Armenia before that. The 60 million of the 92-million-euro assistance is the result of the agreements signed still during [ex-President] Serzh Sargsyan’s tenure. “And the 32 million, around which the authorities have made a propaganda noise, is not additional money from the EU, but the money for 2018-19 envisaged by the EU for the budget support program, not spent at the time due to Armenia’s inaction, intended for reforms.

That is, a major underperformance is recorded due to inaction, but the EU actually has reallocated that money that was not spent at the time, which is also a manifestation of good will—they might not have allocated it.”