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Azerbaijan creates Green Corridor System for state budget expenditures

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The Board of the Ministry of Finance has approved the “Rules of financial transactions through the state treasury and accounting of these transactions,” Azernews reports. The document was signed by the Minister of Finance, Samir Sharifov. At the same time, the “Instruction on assuming obligations for state budget expenditures” and “Instruction on treasury accounting of goods, works, and services received under budget credit orders” approved by the ministry’s decision of December 28, 2000, were cancelled.

According to the new decision, the Ministry of Finance will create the “Green Corridor” system, which will ensure the implementation of the authority to authorise cash operations for a number of expenditures through special software in order to simplify financial operations for expenditures.—Azer

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