Friday, June 5 2020 13:46
Alexandr Avanesov

Minister: The Armenian government is inclined to improve the public  procurement system

Minister: The Armenian government is inclined to improve the public  procurement system

ArmInfo.The Armenian government considers it necessary to improve the public procurement system. Minister of Finance of the Republic of Armenia Atom Janjughazyan, answering the questions of MPs Mane Tandilyan and Sergey Bagratyan,  announced this on June 5 at the preliminary hearings at the National  Assembly of the Republic of Armenia on the implementation of the  state budget of 2019.

To note, the MPs noticed the risks in the public procurement system,  as evidenced by the figures presented by the government. They say  that 66.4% of all state purchases, or in the amount of 159 billion  drams, were carried out from one person.

In response, the Minister of Finance recalled the law that had  previously been adopted by the country's parliament. This, in  particular, is about the possibility of making purchases from one  person only as a last resort - the availability of intellectual  property rights, the capabilities of suppliers and other factors. In  general, Janjughazyan agreed that in order to more effectively  resolve the issue, tenders should be held.

Earlier today, the minister said that in 2019, taking into account  the projected high rates of GDP, the country pursued a restrained  monetary and fiscal policy. For the first time, funds from all  extrabudgetary funds were withdrawn, which became part of the state  treasury expense. The average inflation in the country was 1.4%, the  average wage - 152.6 thousand drams. At the same time, salaries in  the private sector (193 thousand drams) grew faster than in the state  (162 thousand drams). Last year, employment increased by 3.4%, and  unemployment decreased by 5.8% to 220 thousand drams. In general,  instead of the planned revenues of 1.490 trillion drams, 1.609  trillion drams were actually collected. The deficit amounted to 154  billion drams, the fulfillment by income was at the level of 97.7%,  by expenditures - by 92.4%, and by deficit - 41.6%.

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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

ArmEx

 

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