The Ministry of Finance has prepared the "Budget Guide for Citizens» for a second consecutive year (http://maliyye.gov.az/node/1666). The document in an intelligible way reveals details of the state budget for 2015 for those who are not particularly versed in financial matters. However, there are no answers to many questions of citizens.
The Azerbaijani government has an international obligation to ensure the financial statements of public spending. According to the evaluation document promulgated by the Ministry of Finance in December 2014, referring to the World Bank on Public Financial Management (http://maliyye.gov.az/sites/default/files/PEFA_AZE%20FINAL.protected.pdf), Azerbaijan since 2008 has made great progress on a comprehensive transparency and public disclosure of information, etc. Nevertheless, there are certain disadvantages of tax administration and public procurement, internal and external audit of public expenditures.
In the book Budget Guide for Citizens there are components of revenue and expenditure of the state budget for 2015. Basically it is virtually schedule presidential decree on the application of the state budget for its individual sections.
For example, in 2015 the budget revenues of budget organizations are projected at 300 million manat. In comparison with the year 2014 revenues will be reduced by 100 million manat. Due to what factors it will happen and what is generally meant by this article the revenue side of the budget does not say a word.
In 2015, expenses of the Trust Fund Highways will increase from 214 million to 290 million manat. In 2013, the Ministry of Transport received on this line from the state budget 194 million manat. Means of the fund are used to finance the costs of "preservation of roads." How purposefully the funds are used Azeryolservis and the Ministry of Transport did not report. In addition to these funds the Ministry of Transport receives hundreds of millions of manat for road construction. Local executives do not remain aloof from the "daily bread" for road construction, too.
In 2015, the National Center for Oncology (NCO) will receive from the state budget only for therapeutic purpose 42,208,324 manat, which is 8.4% more than in 2014 and 28.9% - than in 2013. The Ministry of Finance did not say why these funds grow in such a pace. In addition, the local media have repeatedly published articles that cancer patients undergo examination and treatment, as well as receive medication on a paid basis, although formally NCO as a budget organization should provide services free of charge. 08B
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review