Why is ‘budget not prepared on basis of result’? - Finance Ministry reply

12:59 - 13.11.2019


November 13, Fineko/abc.az. The organization of the results-based budgeting mechanism is rather a complex reform process, and it is advisable to implement it in stages, as in the case of other countries that have been successful in this area.

ABC.AZ informs that the statement was made in Finance Ministry’s press service, when commenting on Article "20 weak points of State Budget 2020", presented by some media in recent days.

The Ministry informs that all budgetary organizations should form mechanisms of improved knowledge and skills of workers in strategic planning and forecasting, analysis of costs/benefits and determine the expenditure burden of the state budget for the implementation of these programs. Once the medium-term expenditure structure is fully implemented, a result-based budgeting mechanism can be phased in.

According to international experience, the process of transition to a result-based budget system lasts approximately 8-11 years (Croatia - 8 years, Slovakia - 9 years, Latvia - 11 years, etc.).

 

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