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95.4 billion drams earmarked for education sector next year

05.11.2009 09:36

95.4 billion drams earmarked for education sector next year

YEREVAN, November 5, /ARKA/. First deputy finance minister Pavel Safarian said during a Tuesday parliamentary hearing on 2010 draft budget that the government plans to allocate 95.4 billion Drams to education sector, down from 108 billion Drams projected for 2009.

According to the deputy minister, the education spending in 2010 will make 3% of the overall projected GDP, as much as in 2009.

Some 90 billion Drams are earmarked for the current expenditures, 472 million drams will be paid as salaries to the ministry personnel and the staff of provincial education departments. Some 3.9 billion Drams are earmarked for capital expenditures. Also 1.6 billion Drams are expected to be spent on reforms and 439 million Drams on school reconstruction projects.

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