Armenian state budget changed structure of financing tourism

Armenian state budget-2012 intends to allocate AMD 50 million ($135,000) for tourism. The amount of has not changed compared to 2011. However, expenses will significantly change, News.am reported.

Half of the expenses (AMD 26.4 million) in 2011 were spent on program implementations. In 2012 those expenses will be fully excluded, which will allow their effective redirecting. Financing traditional festivals has increased for 3 times up to AMD 9.8 million. Expenses for setting and spreading advertisement materials increased from AMD 4.2 to 7.3 million.


/Trend/