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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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