Relying on the Ministry of Finance, the State Statistics Committee calculated that by April 1, the revenue part of Azerbaijan's state budget amounted to 3 billion 678.1 million manats and the expenditures were at the level of 2 billion 623.5 million manats (surplus was at the level of 1 billion 54.6 million manats or 8.4% of GDP).
The loan portfolio of the local banks and non-banking organizations by April 1 was equivalent to 20 billion 327.4 million manats (minus 1.8% to April 1 last year), of which 15 billion 565.9 million was long-term loans taken mainly for the purpose of business. The level of non-performing loans was 6.5% of the total portfolio.
Bank deposits reported by the SSC with reference to the Central Bank were at the level of 8 billion 77.3 million in the manat equivalent. --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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