The Ministry of Finance reported on the budget expenditures on social infrastructure and the implementation of several projects.
Thus, according to Deputy Finance Minister Azer Bayramov at the parliamentary committee discussion of the economic policy bill "On execution of the state budget for 2014", for the construction and reconstruction of social infrastructure facilities 2 billion 783 million manat was allocated.
"The construction and reconstruction of infrastructure in the field of energy, gas, water, transport and public services was allocated 2 billion 495 million manat," he said.
In addition, the investment projects in the Nakhchivan autonomous republic were allocated 52 million manat from the state budget last year. The improvement of infrastructure for water supply, roads, irrigation and social sphere in 2014 was directed loans raised abroad in the amount of 702 million manat. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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