In 2014, the government expects to pay off the state budget debts of state businesses for a total of 324 million manat, which is 1.6 % of budget expenditures.
According to the Government draft budget package this year, funding debts of enterprises and organizations through the Foundation to ensure the state debt is not carried out. In the previous year, these costs were 92.5 million manat.
In 2012, the Fund's secured debt under the government guarantee was restored by creditors at 5 852.1 thousand manats.
The Ministry of Finance does not disclose which state the company is a customer of funds from the above fund. It is known that in recent years due to the state guarantee was bought a lot of airships for the state airline CJSC Azerbaijan Airlines. However, the airline does not publish annual financial reports. Statistical data provided by the State Statistics Committee show that it is working with big losses. - 08D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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