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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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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