Hotline
Email
The Discussion of the RA Draft State Budget for 2019 Started at the Ministry of Finance
27.07.2018
The Discussion of the RA Draft State Budget for 2019 Started at the Ministry of Finance

The discussion of the RA Draft State Budget for 2019 started at the RA Ministry of Finance, which was attended by representatives from different state bodies. Discussions refer to sectoral issues (including those not directly related to the budget - companies with state participation, state-initiated SNCOs, project implementation offices, foundations, etc.), during which the issues to be presented to the Prime Minister are also being separated. The emphasis is on expedient targeting of expenditures to improve the quality of public services. The budget should ensure the maximum output for the spent funds, preventing the inefficient distribution of the state's financial resources.

The RA First Deputy Minister of Finance Karen Brutyan stated that the transition to the program budgeting format from 2019 implies that, besides the spent funds, the results obtained will be given more importance.

Karen Brutyan highlighted that regardless of the amount of financial resources, the efficiency of budgetary programs and public organizations activities should be ensured, as well as the rational use of public resources, mitigating various risks.