Yerevan Municipality Allocates Approximately 119 Million Drams to Residents of Fourth Degree Emergency Buildings

The Yerevan City Council has decided to allocate 119 million 686 thousand 200 drams to residents of fourth-degree damaged buildings in the capital. This funding is designated to cover the income tax obligations for apartments donated from newly constructed residential buildings.

Yerevan Vice Mayor Sergey Nersisyan, presenting the draft decision, informed that amendments to the city's 2020 budget are proposed for this purpose. The decision was adopted with a vote of 37 in favor and 1 against.