Azerbaijani MPs at today's plenary session approved the state budget for 2015.
The final version of the text of the profitable part of the bill was at the level of 17 billion 498 million AZN (90% of the forecast and 4.9% less than in 2014). The expenditure part was at the level of 17 billion 784.5 million AZN (84.3%) with a deficit of 286.5 million manats or 0.5% of GDP.
On the revenue side the lead belongs to transfers from the State Oil Fund (SOFAZ) - 46.5% or 8 billion 130 million manats. The Ministry of Taxes transferred 40.7% of 7 billion 118.3 million AZN, and the State Customs Committee transferred 9.1% or 1 billion 591.9 million AZN. Other income came from other spheres, including contributions from the budgetary organizations.
The expenditure part includes current costs (54.9%, or 9 billion 763.1 million manat), which is the leading item. Capital expenditure is 41.1%, or 7 billion 316.9 million manats, and debt service is 4% or 704.5 million AZN.
Social expenditure (5.67 billion AZN) was distributed as follows: 3 billion 324.3 million AZN was spent on the salaries of state employees, and 1 billion 822.9 million AZN - on pensions and benefits.
The single treasury account of the Ministry of Finance by January 1 accumulated balance of $ 1 billion 433.9 million AZN, which can be used to cover the current budget deficit and external debt service. --17D-
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review