BAKU/05.12.13/Turan : The Accounting Chamber AR (ACA) December 3 meeting discussed the audit program expenditure of government funds allocated to the Executive Power in the Khizi District and the State Committee for Work with Diaspora .
In addition, the legality of expenditure considered representative of the State Land Fund in Agstafa and Astara regions . Materials wsill be sent to parliament for action.
Audit plans approved municipal services IW Absheron district , in the Republican Psychiatric Hospital № 1 , in the center of Hygiene and Epidemiology of the Ministry of Health Republic of Azerbaijan, as well as in Sheki branch of agricultural services in Sheki regional logistics base of " Agroleasing" Department of Agriculture .
Accounting Chamber of Azerbaijan , the country's parliament accountable , effective December 7, 2001 as the authority controlling budget spending AP.
Senior officials (members of the Board , which consists of the chairman , his deputy and seven auditors) are elected every seven years.
Accounting Chamber of Azerbaijan , as a rule, limited to general statements about the board meeting , without giving specific figures and data. According to Article 6.0.3 of the Law of the Republic of Azerbaijan " On receiving information " (" Basic Principles of information " ) , the disclosure of budget revenues and expenditures is the responsibility of government agencies , including the Chamber of Accounts . - 17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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