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 Thursday, November 14 2019 10:59
Alexandr Avanesov

Extra-budgetary funds of Armenian departments to be liquidated

Extra-budgetary funds of Armenian departments to be liquidated

ArmInfo. Extrabudgetary funds of various departments of Armenia will be liquidated. At the meeting on November 14 in the second and final reading, the RA  Parliament approved the amendments to over two dozen laws that  regulate extrabudgetary funds of various state structures.

Presenting the package, RA Minister of Finance Atom Dzhandzhugazyan  noted that over the years extra- budgetary funds of various  departments were formed, from which bonus payments to these  structures were paid, and some other activities were financed. Now it  is proposed to liquidate these funds, and to direct the funds to the  revenue part of the state budget of the country, from where financing  will be provided, including bonus payments. This, in total, is about  30.5 billion drams. This measure, the minister continued, fits into  the government's programs aimed at ensuring transparency of budget  funds and effective management of public resources.

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