Nakhchivan Saves 798,000 Manat

The Supreme Majlis of Nakhchivan Autonomous Republic has approved the execution of the state budget of the exclave in 2014.

They published the law on execution of the state budget (http://www.huquqiaktlar.nakhchivan.az/StatementDetails.aspx?statementId=1392), which consists of a single paragraph, which reflected only two figures: revenues - 74,084,717 manat, expenses – 349,702,322 manat.

According to the law "On State Budget for 2014, ” NAR incomes have been approved in the amount of 66.8 million manat, and expenses as 350.5 million manat.

Thus, the government of Nakhchivan saved 798 thousand manat in 2014.

It is noteworthy that in 2014, when the gross domestic product was over $ 3 billion, local revenues in the NAR were approved at the level of 19 million manat. This is 1.9 million manat less than the income of the Imishli district.

The state budget of NAR is subsidized from the central budget. In 2014, only to finance budget expenditures the center allocated 283.7 million manat. In addition, the autonomous region receives hundreds of million manat for the implementation of public investment projects every year. ----08D