The Minister of Finance of Azerbaijan Samir Sharifov, responding to the debate on the draft budget for 2013 to the MPs, said that most of their grievances related to social issues, landscaping, regional infrastructure, and so on.
According to him, on transfers to the budget from the State Oil Fund, Customs and other revenues it is expected wholly-performance expectations for earnings. The only risky area is income from the Ministry of Taxes due to foreign oil consortium members. He noted that the structure of expenditures (budget-recognized investment areas) justifies the bookmark to the budget of the base price per barrel of $ 100.
He said that over the past nine years (from 2004), public sector wages have increased by 11 times, and pensions, social benefits and cost of living - 10 times. This year, repaired and renovated were 450 schools and 109 kindergartens. Ongoing repair work is conducted in 299 schools and 48 kindergartens. - 17D -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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