In 2015, the state budget deficit amounted to 633,600,000 manats, which was covered by the remainder of the single treasury account.
The press service of the Ministry of Finance told Turan the other sources to cover the deficit are revenues from privatization, revenues from state securities placement and foreign grants. However, the Finance Ministry did not provide information on the amount of revenues and earnings.
Recall that on January 1, 2015 there was a single treasury account of 1,728,632,300 manats.
The revenues (17,153,200,000 manats) of the state budget for 2015 were executed at 88.2% and the expenses (17,786,800,000 manats) – at 84.3%. ----08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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