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).