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

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

Euro and dollar exchange rates against the Armenian dram rose, while the ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 10, 2026, increased by 0.26 points to 367.38 drams.

Market capitalization increased by 7.43% in June, exceeding AMD 492 billion – Armenia Securities Exchange

Equity market capitalization in June 2026 exceeded AMD 492.7 billion, an increase of 7.43%, the press service of the Armenia Securities Exchange (AMX) reported.

Foreign currency supply increasing in Armenia – Central Bank

The supply of foreign currency is growing in Armenia's foreign exchange market, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, stated in an interview with CivilNet.

Converse Bank Completes the Placement of EBRD Bonds

Converse Bank acted as the EBRD's key partner throughout the transaction, arranging the bond issuance and the guaranteed placement of the bonds

LATEST NEWS

spot_imgspot_imgspot_img