This year The Minister of Finance of the Republic of Armenia Tigran Khachatryan mentioned in his speech at the March 31 sitting of the Government that in 2021 According to the results of 2012, a performance of 218 billion drams or 92.3% of adjusted capital expenditures was registered, emphasizing that “This is the highest index in all years.”
🔹: Yes, the capital expenditure performance was 92.3% of the adjusted plan and 100% of the original plan for the year. However, that indicator: only: last: 4: years: highest indicator: is:`: He said that according to the extremely bad indicators of Nikol Pashinyan’s government in previous years, according to the 2021 report on the implementation of the RA government program, in 2020 it was 84.9%, in 2019 – 73.5%, and in 2018 – 74.0%.
🔹: In fact capital: costs: performance: unprecedented indicator: recorded: is: 2017: in. Capital expenditures that year were originally planned exceeded are: around: 2.4: times: (98.6 billion instead of the previously planned 237.4 billion drams). Therefore, with this indicator, the current government is still far from the positive results of the previous government. (see Chart 1)
🔹: In the case of capital expenditure analysis, it is also possible to study the change in their weight relative to the economy, where the picture is also worrying, as capital expenditures in 2021. amounted to 3.1% of GDP, which is: low: is: 2020:թ:. from the index around: 0.6: interest point:and: 2017:թ:. from the index: around: 1.2: interest point:like him! low: is: RA: historical (2000-2020:year:. average:) capital: expenses/GDP: ratio around: 0.6: interest point: (In the case of 2020, the increase in the share of capital expenditures in GDP was due to the need to spend for military purposes as a result of hostilities). Compared to the historical average capital: costs: GDP:–ի: with respect to: The highest, unprecedented weight index was actually recorded again in 2017, amounting to 4.3%. (See Figure 2).
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