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Finance Minister: Armenia's Off-Budget Funds Total Amd 15 Billion

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  • Finance Minister: Armenia's Off-Budget Funds Total Amd 15 Billion

    FINANCE MINISTER: ARMENIA'S OFF-BUDGET FUNDS TOTAL AMD 15 BILLION

    ARKA
    Feb 4, 2010

    YEREVAN, February 4. /ARKA/. Armenia's off-budget funds not so large -
    they total AMD 15 billion, Armenian Finance Minister Tigran Davtyan
    said Wednesday in National Assembly.

    He said the information about these funds are transparent and available
    on the ministry and the government's websites.

    Davtyan said that all budget-spending reports will be placed on these
    sites. He also said that the cabinet ministers made a quite tight
    decision recently, under which spending of out-of-budget funds will
    be viewed as that of budget spending.

    "Now all the projects of off -budget funds, spending estimates and
    direct expenses will be carried out in the same regime. Results of
    this decision will be visible soon," the minister said.

    On January 21, Armenian government tightened rules for spending funds
    accumulated at state agencies. ($1= AMD 376.29).
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