Expenditures Not Provided by Basic Articles of State Budget to Exceed 2 Billion Manats
According to the preliminary forecast of Azerbaijan's state budget for next year, published by the Ministry of Finance of Azerbaijan, investment costs will amount to 1.86 billion manats, expenses for services not covered by the basic articles - 2 billion 78.33 million AZN. The development of industry, construction and mining industry is allocated 1,882,130,000 AZN.
The Nakhchivan Autonomous Republic will receive 290 million AZN, the domestic debt service will cost 61.16 million AZN, and the external public debt will be paid interests of 369,400,000 AZN and the principal amount of 1.34 billion AZN. --17D-
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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