![At the meeting of the Accounting Chamber](https://turan.az/resized/./turan-750-500-resize.webp)
At the meeting of the Accounting Chamber
The Accounting Chamber of AR meeting on January 8 discussed the expenditures of government funds allocated to the Azerbaijan State Oil Academy and the Institute of Genetic Reserves of the National Academy of Sciences.
They approved the results of audit materials of the depot in Baku city ambulance, in the department of housing and communal services of the Baku City Executive Power.
Taking the views and suggestions into account, they approved the work plan for the Chamber of Accounts for 2014.
Accounting Chamber of Azerbaijan, accountable to the country's parliament, has been effective since December 7, 2001 as the authority controlling budget spending in AR.
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
-
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
-
Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
-
Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
-
A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
Leave a review