MTEF & Annual Budgets

The present Section contains Annual Budget programs and Budget Implementation reports of the Government of Armenia, as well as public finance Medium-Term Expenditure Frameworks public finance (MTEF).

MTEF is developed and adopted by the Government of Armenia every year. It outlines the main expenditure directions and priorities of the Government during the next three years and lays a basis for drafting the next year’s Annual Budget.

The Government Budget is an annual document which is in force for respective calendar year From January to December. It is drafted by the Government of Armenia and submitted to the National Assembly. The Annual Budget is adopted by the National Assembly and, hence becomes a law.

Annual Budget Implementation Report of the Government is subject to the approval by the National Assembly not later than the 40th day after the end of the first quarter of the next financial year.

Relations in drafting the Annual Budget, implementation, reporting and report approval thereof are regulated by the Constitution of Armenia, as well as the Law of RA on Budget System.

Publications section contains analyses of Government Budgets and budget programs in certain sectors.