Wednesday, February 8 2017 12:03

ArmInfo. Among the Armenian  Ministry of Finance priorities is to implement the monitoring and the  coordination of foreign (international) funded projects. This was  stated by Vardan Aramyan, the head of the entity, during the  discussions on state entities reports on 2016 works and priorities  for the current year. 

According to the information of the Government press office, Finance  Minister Vardan Aramyan reported to the Prime Minister that based on  results of 2016, the budget revenues formed AMD 1 trln 155 bln (  beside  funds received within foreign loan and grant projects). It is  more for 0,7 % versus the same period of the last year, and tax and  fees generated incomes formed 1 trln 79,7 bln AMD, which is 1,1%  higher of the similar indicator of 2015. According to Aramyan, during  the year  the tax-budget discipline has been improved, and it became  possible to involve new assets at the cost of new emissions and state  bonds. As the result of legal reforms in the sector of procurement,  the number of procurement methods was  reduced, and the menthods of  procurement procedures were simplified, the independent system of  biddig committees decisions protesting also improved, the level of  public aware and transparency in the sector of procurement also  increased. Talking about the upcoming work if Finance Ministry in  2017, Prime Minister  Krapetyan accentuated that  cash flows and  financial expenses should be managed strictly and sharply. According  to him, in respect to loan facilities utilization there should be  appropriate criteria set. "A pretty interesting work is done ion  respect to macro studies, and not only," the Prime Minister stated. "  I suggest to formulate on the basis of this analysis such a field  that would give an option to the State Revenue Committee to fetch out  the shady business and to drive it into the white field," the Prime  Minister mentioned.