Nearest Plans of Accounting Chamber
The Accounting Chamber of Azerbaijan intends to conduct an audit at the Institute of Radiation Problems of the National Academy of Sciences. According to the information of the structure, such plans were announced at the board meeting of 31 March. The purpose of the audit is identification of misuse of budget and forecast budget revenues of the institute.
The outline of the main public overseer of the treasury also includes checking the targeted use of budgetary funds allocated to the Executive Power of the Khazar district of Baku (including management of enterprises and organizations subordinate to EPI) under housing and communal services.
Regional tests are also expected in the Central Hospital of the Goygol region (forecasting and targeted use of budgetary funds), as well as in the Office of Culture and Tourism of Baku (the intended use of the budget and forecasting of budget revenues).
The Accounting Chamber of Azerbaijan, accountable to the country's parliament, has been effective since December 7, 2001 as the authority controlling the flow of state budgetary funds.
Senior officials (members of the Bar, which consists of the chairman, his deputy and seven auditors) are elected every 7 years.
This body's reports are usually limited to generalities about the board meeting, without giving specific figures or data. According to Article 6.0.3 of the Law of AR "On receipt of information" ("Basic principles of information"), disclosure of budget revenues and expenditures is the responsibility of government agencies, including the Chamber of Accounts. --17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review