Wednesday, May 30 2018 12:00
Alexandr Avanesov

Armenian Finance Ministry: Armenian government will have time to  prepare for submission of state budget in 2019 in format of program  budgeting

Armenian Finance Ministry: Armenian government will have time to  prepare for submission of state budget in 2019 in format of program  budgeting

ArmInfo. The government of Armenia will have time to prepare for submission of the state budget of 2019 in the format of program budgeting. On May 30, RA Minister of  Finance Atom Janjugazyan stated during the parliamentary hearings on the execution of the state budget of Armenia in 2017.

According to the Minister, there is a lot of work to be done to  develop budget programs and activities. "It will be difficult, but I  think we will be in time," Atom Janjugazyan noted. It should be  recalled that on December 14 of last year the National Assembly of  Armenia amended the law "On the Budget System" and a package of  accompanying laws, which envisaged from 2019 to present the draft  state budget in the format of program budgeting. Responsibility for  the implementation of each individual budget program will be borne by  the appropriate authority. When implementing long-term programs in  the package on the state budget, information will also be presented  in which the detailed characteristics of these projects should be  presented. In particular, it is about the timing of the  implementation of budget programs, their impact on the state budget,  and expectations for the next few years. The transition to program  budgeting will improve the effectiveness of programs implemented at  the expense of budgetary funds. It will provide an opportunity to  present not only financial, but also the results of works, which in  turn make it possible to evaluate the feasibility of programs.

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