Government Starts Discussing Budget Funding Bids for FY 2020
Chaired by Prime Minister Nikol Pashinyan, the Government proceeded to the discussion of public agencies’ funding bids under the 2020 State budget bill.
To begin with, the Premier noted that the discussion should result in a more efficient and better targeted State budget bill for 2020.
“Considering our last year’s experience and the experience of past years, in general, we need to specify our primary task in the budget plan. The biggest challenge is the effective implementation of capital costs. The point is that this year and last year we had a situation several times when the State had money, but there were difficulties with using effective tools in terms of spending this money. This year, unfortunately, we may face the risk of under-fulfillment in terms of spending, but I want to stress that I consider this process to be quite normal. Why? Because budget spending, as we all know, has changed significantly since last year’s political changes. At least, the political authorities and the Armenian leadership consider the principle task to be the efficient spending of budget funds and the elimination of corruption and abuse. And in this regard, we see the need to make institutional decisions so that money is not merely spent, but is translated into political and economic realities that will improve our citizens’ living standards and the quality of economic growth, in general,” Nikol Pashinyan said.
According to the Prime Minister, within the framework of these institutional decisions, specific changes are foreseen, in particular, in the procurement system. “And I want to remind that it is extremely important that ministries and government agencies complete the tendering processes before the new year in parallel with the budget discussions, so that the relevant contracts could have been signed by January 1 in order to move forward with a clear-cut timetable,” the Head of Government said, noting that the next principle is the ability to review quarterly spending data.
“After seeing which of our expenses proved effective, we will have the opportunity to carry out budget redistribution on a quarterly basis. And in those areas where expenditure will turn out to be efficient and progressive, we will perhaps change and increase funding for these areas to ensure that spending is more effective in terms of economic impact,” Prime Minister Pashinyan emphasized.
The 2020 budget allocation for the Ministry of the Environment was the first to be discussed. In this context, the meeting reviewed the relevant departments’ assessments.
-
17:08
The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05
The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11
Armenia sends earthquake aid to Turkey
-
10:43
Commemoration of the Pontiff St. Sahak Partev
-
09:16
Some roads are closed and difficult to pass in Armenia
-
19:55
Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30
Prime Minister Pashinyan and President Khachaturyan meet
-
18:20
Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01
Humans could land on Mars within 10 years, Musk predicts
-
16:45
France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01
Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59
Earthquake death toll in Turkey rises to 18,342
-
15:43
Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06
French president rules out fighter jet supplies to Ukraine in near future
-
14:47
5 Day Weather Forecast in Armenia
-
14:44
President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20
Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57
France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40
Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16
The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 19%
Wind: 2.57 km/h