The Board meeting of the Accounting Chamber of Azerbaijan (http://sai.gov.az/1/newsmore/456) discussed and approved the results of verification of the revenue and expenditure sides of the Sumgait Center of Ministry of Labor, CJSC Baku Metro, one of the research institutes of the National Academy of Sciences and the Ministry of Foreign Affairs of Azerbaijan.
The Azerbaijani Accounting Chamber, accountable to the parliament, operates from 7 December 2001, as a body, controlling the budget expenditure.
The managerial personnel (members of the Board, which consists of Chairman, his deputy and seven auditors) is elected every 7 years.
This body is usually limited to generalities about the Board meeting, without giving specific figures or data. According to Article 6.0.3 of the Law of Azerbaijan Republic "On obtaining information" ("Basic Principles of information"), the disclosure of information on budget revenues and expenditures is the responsibility of government agencies, including the Accounting Chamber. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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