How are expenses for food, housing, and representation deducted from income?

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.

In the territories of Karabakh liberated from Armenian occupation, the clients of reconstruction and redevelopment projects are various state institutions. Among them are several central executive authorities, such as the State Agency of Azerbaijan Automobile Roads, the State Committee for Urban Planning and Architecture, the State Housing Construction Agency (MIDA), the State Committee for Refugees and Internally Displaced Persons, and others.

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.