On November 28 Milli Majlis adopted the state budget for 2015.
Budget revenues in 2015 are projected at 19 438 000 000 manat, which is 5.7% more than this year. Transfers from the State Oil Fund will be 10 billion 388 million manat.
The budget expenditures will amount to 21.1 billion manat, or 5.1% more than in 2014.
The budget deficit will be 2.8% of GDP.
According to Finance Minister Samir Sharifov, the budget "will retain a social orientation." The share of these expenses will be 27.6%.
The costs will increase as follows: general state costs – by AZN 2 billion 46.5 million, defense – by AZN 1 billion 778.5 million, education – by AZN 1 billion 711,200,000, social protection and social security – by AZN 2 billion 40.5 million, health – by 777.7 million manat.
At the same time, the state budget will save the investment focus. In general, the capital expenditure of the budget will amount to 44.4% of the total budget expenditures.
The draft budget was made assuming oil prices of $ 90 per barrel. -06D-
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