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New Budget Reform – Budget Accounts of all Levels will be Marinated by the Treasury

Accordign to Finance Minister Nodar Khaduri,  from January 1 of the next year a very important budget reform will be carried out in the country.

The Minister made this statement at a press conference after the Cabinet meeting noting that the budget accounts of all levels, as well as legal entities of public law, except  educational institutions, will move to the treasury services.

“They will open  accounts in  the treasury   which will provide services. Earlier, some acoounts were maintained by commercial banks, while others- by the treasury. Now they will be consolidated and this  will  allow us to have  statistical, online access to the information about the situation in terms of  public finance management “, – said Nodar Khaduri.

“Commersant” was told at the Ministry of Finance that the reform would  apply to the funds allocated from the budget, including salary.

“Commersant” is working on this issue and will offer more detailed information  later.