The government signed in a session held Sunday in the Prime Ministry the 'Organizing of the Public and the Government Units 2021 Budget' bill into law.

The 2021 fiscal year law was introduced to organize public finance management and identify the key responsibilities and roles of competent authorities, and to set forth the criteria by which the public and government units budget will be created and monitored, in a way that would take into consideration the well being of the national economy.

Also, it will guarantee full transparency of the public budget, and ensure the budget will be created based on the best global practices and will go through all legal measures.

The Cabinet also signed the 'Income Tax for Development Zones of 2021' bill into law to organize income tax measures in institutions listed in the development zones.

The government signed in a session held Sunday in the Prime Ministry the 'Organizing of the Public and the Government Units 2021 Budget' bill into law.

The 2021 fiscal year law was introduced to organize public finance management and identify the key responsibilities and roles of competent authorities, and to set forth the criteria by which the public and government units budget will be created and monitored, in a way that would take into consideration the well being of the national economy.

Also, it will guarantee full transparency of the public budget, and ensure the budget will be created based on the best global practices and will go through all legal measures.

The Cabinet also signed the 'Income Tax for Development Zones of 2021' bill into law to organize income tax measures in institutions listed in the development zones.