MP Ziyad Samadzade, the Chairman of the Permanent Parliamentary Commission on Economic Policy of Milli Majlis [Azerbaijan Parliament], informed that development of the Budget Code is on the agenda, Trend reports
The chairman of the commission noted that the Budget Code is developed in countries with shaped financial systems, adopted laws and regulated financial sector. The Budget Code will include all major standard documents and laws regulating the financial system. Firstly, it is necessary to adopt laws on Public Arrears, on Financial Control and Insurance Code, MP Samadzade stressed.
The adoption of the said bills requires too much time.