How to competently switch to a new budget system
The Armenia Parliament in the second and final reading made amendments and additions to the law "About the budget system".
In addition, parliamentarians in the second and final reading made additions to the law "About the treasury system". According to the First Deputy Minister of Finance RA Pavel Safaryan, the presented package is practically designed to ensure the transition of Armenia to the new budget system. The fact is that currently a document is presented to the country’s parliament annually, in which the lines of expenses are indicated in the lines. Meanwhile, the country’s public is more interested in who will receive and how much, but the result of financing of a particular sphere. In this regard, the government proposes to refuse to present expenses on lines and completely move on to the software budget.