The Accounting Chamber of AR at a meeting on December 12 discussed the audit program expenditure of government funds allocated to the state monopoly of Azersu.
Audit program provides checks of the completed in 2012 water supply facilities, which allocated more than 1 billion manats , including international credit .
Accounting Chamber of Azerbaijan is accountable to the country's parliament and has been effective since December 7, 2001 as the authority controlling budget spending AP.
Senior officials (members of the Board, which consists of the chairman , his deputy and seven auditors ) are elected every seven years.
Accounting Chamber of Azerbaijan, as a rule, is limited to general statements about the board meeting , without giving specific figures and data. According to Article 6.0.3 of the Law of the Republic of Azerbaijan "On receiving information" (" Basic Principles of information" ) , the disclosure of budget revenues and expenditures is the responsibility of government agencies , including the Chamber of Accounts . - 17D-
Economics
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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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