The state cultural budget rose slightly in 2011, following a significant fall in 2010.
6.2.2 Public cultural expenditure broken down by level of government
Subdivision of spheres
The Ministry of Culture carries out financial transfers directly to cultural institutions. Appropriations to other levels of the government are not carried out.
The total cultural expenditure of the Ministry of Culture amounted to 7 360 893 thousand AMD in 2011, which demonstrates a slight rise from 2010 when the figure was 7 022 212 thousand AMD (see Table 2). (1 EUR = 518 AMD). In 2010, the total amount allocated for culture significantly fell due to the economic crisis affecting Armenia. Currently, the financing of culture takes up 1% of the state budget.
Total state expenditures for culture, relaxation and religion as fixed in the state budget were, correspondingly, 19 831 794.4 thousand AMD in 2009, 16 349 584.2 thousand AMD in 2010, and 17 981 896.5 thousand AMD in 2011.