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Artsakh NA Standing Committee on Budget, Financial and Economic Management Convened a Sitting
27 June 2022

June 27, a sitting of the NA Standing Committee on Budget, Financial and Economic Management was convened.

The President of the Chamber Tigran Tsatryan made an annual report on the activities of the Republic of Artsakh Audit Chamber 2021.

The report consists of 3 parts, the first and the second are about the budget reports, the third is the analysis of inspection results. The 2018-2021 budget years were included, 4 programs were implemented, 25 reports were prepared. Distortion of more than 40 million drams, more than 103 million discrepancies were found.

The draft law "On Making Addenda and Amendments to the Law “On Remuneration of Public Officials”" was submitted by the Minister of Finance and Economy of the Republic of Artsakh, Vahram Baghdasaryan. The need for the adoption of the law is conditioned by the need to set the coefficients for calculating the official rates of state officials in the newly established public administration bodies.

The draft proposes to set new coefficients for calculating official rates for high-ranking officials of the State Control Service of the Republic of Artsakh, matching their salaries to the ones of high-ranking officials in the system of the Republic of Artsakh State Revenue Committee.

It is proposed to pay high-ranking officials of the State Cadaster, State Property Management and Water Committees of the Republic of Artsakh in accordance with the coefficients for calculating official rates established in other public administration bodies.

The drafts "On Making Amendments to the Law "On Profit Tax"", "Amendments and Additions to the laws "On Trade Tax"" and "On Presumptive Payments" was presented by the Chairman of the State Revenue Committee of the Republic of Artsakh, David Poghosyan.

The introduction of the package of draft laws is conditioned by the introduction of a simplified taxation system for a number of activities in the field of small and medium enterprises as well as the damage caused by the hostilities unleashed against the Artsakh Republic on September 27, 2020. The need to regulate tax-related issues of taxpayers included in the state support program.

The projects were approved by the Head Committee.

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