Prime Minister Hovik Abrahamian said on Tuesday that the Armenian government will use "extrabudgetary" funds to subsidize electricity supplies and thereby offset, for now, their increased cost for consumers, which has sparked angry street protests in Yerevan.
Abrahamian did not specify the precise source of the subsidy, saying only that it will not be financed from the state budget. "What funds? We will explain [later on,]" he told reporters.
Energy and Natural Resources Minister Yervand Zakharian also declined to give details. "I can't name a concrete source because I myself don't know it," he said. "The prime minister probably knows what he says."
Armenian News
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