Funds of the state budget were used ineffectively, expert

Over the last 10 years from the state budget of Azerbaijan  were allocated for the construction sector by AZN 7 billion more than the education, health, administrative apparatus, science, social protection together, wrote on the Facebook page  a well-known expert and economist Gubad Ibadoglu. In 2006-2015 from the state budget for the construction were allocated 44.6 billion manat, while for education -. 11.8 billion, social protection and welfare -. 11.1 billion, the state apparatus -. 10.1 billion, 4.7 billion healthcare.

"As can be seen, in the last 10 years, most of all oil revenues were spent on the construction sector which  does not create value, and the currently decline  is observed in this section. At the same time, the oil money  were directed  on non-commercial projects in construction," writes Ibadoglu.

Over the past 10 years  the State Oil Fund  received from directly from the sale of oil 125 billion manats. Of these, 90 billion  manat were spent, including 67.2 billion manat as transfers to the state  budget. -03D06-