The government budget is developed and implemented in accord with the Law “On Budget System”. The law fixes the legal foundations of organizing management and operating the budget system, and regulates interrelations between budgets at all levels. The government of Turkmenistan discusses the state budget draft and submits it to the President of Turkmenistan. One month prior to the beginning of the fiscal year the President of Turkmenistan submits to the Assembly of Turkmenistan (Mejlis) the state budget draft for consideration and adoption. The Ministry of Economy and Finance is responsible for state finances.