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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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