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Artsakh (Nagorno-Karabakh) Republic President Bako Sahakyan on Friday chaired a meeting of the Cabinet of Ministers to discuss the 2018 Draft State Budget.

According to the press service of the Artsakh President’s Office, heads of various state structures delivered corresponding reports.

In his remarks, President Sahakyan underlined the profound character of the budgetary debates, noting that it could be approved. 

“The main financial and economic document of our country for the coming year reflects the pivotal directions of the state policy and is realistic in its nature,” he noted, highlighting the necessity for proper implementation of the planned programs, targeted utilization of the budgetary means while ensuring high level of control over this, elaboration and realization of realistic programs.

“The first stage of the 2018 State Budget elaboration can be considered complete. Afterwards according to the legislation the draft budget will be submitted to the National Assembly where active and practical debates are anticipated,” noted President Sahakyan in his speech.

During the meeting, the government approved the package of the Artsakh Republic law on making amendments and supplements to the law “On the NKR Budget System” and adjacent draft laws.

The Cabinet approved the package of draft amendments to the tax legislation too.

The members of the government approved the Artsakh Republic healthcare state target programs, 2018 annual physical education and sports development programs, social protection of the disabled, employment regulation, state assistance to small and medium entrepreneurship and affirmed the lists of the events foreseen by the programs.

According to the procedures, the bills and state programs approved by the Cabinet of Ministers will be submitted to the National Assembly as part of the “2018 Artsakh Republc State Budget” draft law.