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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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