Armenian government to increase reserve fund by AMD 3.2bn

The Armenian government plans to increase allocations to the Government Reserve Fund program by AMD 3.2bn in the first half of 2014. The respective decision was made at the cabinet meeting today. 

Armenian Finance Minister Gagik Khachatryan noted that the replenishment of the reserve fund will become possible at the expense of the transfer of AMD 3.2bn of the program’s fourth quarter funds to the first half of 2014.