Off-budget accounts of government bodies to be closed

YEREVAN, June 6. /ARKA/. The government of Armenia has approved today a set of changes to more than a dozen laws, which provide for the closure of so-called off-budget accounts of government agencies.

Deputy Minister of Finance Brutyan said all off-budget accounts will be registered as budget receipts and will no longer be used separately by various departments at their discretion. He added that use of funds from these accounts will be recorded as government budget expenses.
According to him, this decision stems form the government’s program of measures. -0-

spot_img

POPULAR

Central Bank of Armenia Proposes Information Security Requirements for Crypto-Service Providers

The Central Bank of Armenia (CBA) has submitted a draft regulatory act for public discussion that establishes minimum information security requirements for entities providing services related to crypto-assets.

ACBA Bank Publishes Its First Sustainability Report

ACBA Bank has published its first sustainability report, presenting its performance in the areas of Environmental, Social, and Governance (ESG) factors, the bank’s press service reported.

Armenia Seeks to Extend Cashback Program for Pensioners Through 2029

Armenia plans to extend a program offering a 20% cashback to pensioners on non-cash purchases made with bank cards until the end of 2029, according to the Ministry of Labor and Social Affairs of the Republic of Armenia.

Capital of Armenian Banks Reaches 2.32 Trillion Drams in January–September

As of September 30, 2026, the total capital of Armenian banks stood at 2.32 trillion drams.

Unibank Receives B++ Sustainability Alignment Rating from Agents for Impact GmbH

Unibank has received a Sustainability Alignment Rating of B++ from Agents for Impact GmbH (Frankfurt, Germany).

LATEST NEWS

spot_imgspot_imgspot_img