Monday, June 11 2018 21:20
Naira Badalian

Budget programming will allow assessing the effectiveness of financial management in the state sector of Armenia

Budget programming will allow assessing the effectiveness of financial management in the state sector of Armenia

ArmInfo.Armenia's transition to program budgeting from 2019, he said, will increase the effectiveness of programs implemented through budgetary funds, will provide an opportunity to present not only financial, but also the results of work, which in turn make it possible to assess the degree of program performance. This was stated in an interview with journalists by the head of financial management of the World Bank for Central Asia, the head of PEMPAL Arman Vatyan on June 11 on the sidelines of the 47th meeting of the Internal Audit Community of PEMPAL.

 

According to the expert, until recently the party that provided the financing followed exclusively the implementation of expenditures. The current trend is to focus more attention on quality results. "Specific goals and objectives are set, and further assessment and evaluation is conducted," Vatyan said. For example, when building a road, they monitor not only how many kilometers of the road are built, what quality, but also what objectives are pursued in the construction - the development of trade between communities that will connect the road, stimulate tourism and, as a result, improve the living standards of the population of nearby communities . In this context, as Arman Vatian pointed out, it is very important that Armenia plans to introduce a program-target principle of budget construction from 2019.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000