The State Statistical Committee has provided a breakdown of budget spending in the first half of the year. According to him, the budget receipts totaled 8.2 billion manat, and expenses amounted to 7.4 billion manat with surplus of 815 million manat (there is a discrepancy between the statistics, referring to yesterday's report of the Ministry of Finance and the Minister of Finance, who reported a 9 billion 525 million in revenue and 8 billion 730 million cost.)
Approximately half (44.9% or 3.3 billion) of spending is directed at economic development, 10.3% (766.1 million) - at social protection and security, 18.5% (1.4 billion) - at public sector wages, pensions and benefits, 9.2% (681.6 million) - education and health care. The remaining 17.1% were spent on other needs. --17D—
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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