The version of the state budget of Azerbaijan approved by the Chamber of Accounts provides for a deficit of 190.8 million manat, or 0.32% of GDP.
The revenue part of the basic law is expected to reach 16 billion 822 million, and the expenditure is AZN 17 billion 12.8 million. The deficit will be covered through the placement of government bonds by the Ministry of Finance.
Recall, the total GDP in 2016 is expected to reach 58 billion 816.5 million manat. The revenues of the state budget will be AZN 16 billion 822 million and the costs will be AZN 18 billion 495 million with a deficit of 1 billion 673 million manat (2.9% of GDP). --17D-
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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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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