Parliamentary discussion of the state budget for 2013 will be held at the plenary session on 13 November.
As reported by Chairman of the Parliamentary Committee on Economic Policy Ziyad Samadzade during preliminary discussion of the bill on Saturday, November 6, with the participation of all parliamentary committees a debate.
According to him, the budget of the following year is calculated on the average price of oil at $ 100 a barrel. As always, the draft budget and social investment.
According to the Ministry of Finance of Azerbaijan's state budget revenues for the next year is expected to reach 19 billion 154 million manat, expenses - 19 billion 810 million manats with a deficit of AZN 656 million (1.17% of GDP). - 17D-
Economics
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Azerbaijan's state oil company SOCAR announced plans on November 15 to issue green bonds in the Azerbaijani financial market to support environmentally sustainable projects.
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The State Oil Company of Azerbaijan Republic (SOCAR) on Friday signed a memorandum of understanding (MoU) with Masdar of the United Arab Emirates and ACWA Power of Saudi Arabia to develop a network of offshore wind farms with a total capacity of 3.5 gigawatts in the Azerbaijani sector of the Caspian Sea.
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Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
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The world faces a shortfall of up to $87 billion annually for climate adaptation efforts by 2030, according to Lord Livermore, Financial Secretary to the UK Treasury. Speaking at the panel discussion titled "Mobilizing for Climate Action: Countries, Multilateral Financial Organizations, and the Private Sector Implementing the Paris Agreement," Livermore highlighted the urgent need for increased investment in adaptation measures.
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