Budget Expenditures in Aghdam, Fuzuli, and Khojavend Districts Through the Example of a State Service

With Donald Trump’s return to power in the United States, radical shifts in domestic and foreign policy have begun to impact global markets, with these effects expected to expand further. The energy and securities markets appear to be among the most affected sectors, leading to significant implications for the State Oil Fund of Azerbaijan (SOFAZ) and the State Oil Company of Azerbaijan Republic (SOCAR).

Celebrating its 25th anniversary, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) [1] has had its budget proposals reviewed by the Chamber of Accounts since 2018[2]. Previously, SOFAZ's budget proposals were approved directly by the country's president without the opinion of the Chamber of Accounts.

The deduction of expenses for food, housing, and representative costs from income has always been a topical issue from a taxation perspective, frequently discussed in relation to the extent of deductions allowed for workers' food and housing expenses and entrepreneurs' representative expenses.

This article examines public participation in budget management during the tenure of Samir Sharifov, who served as Azerbaijan's 5th Minister of Finance throughout a significant portion of the country's post-independence period. By analyzing his 19 years of service, we aim to assess his contributions and the Ministry's approach under his leadership.