Peak of plundering the state budget through the development of the volume allocated to the state capital investments for 2015 will have.
According to forecasts of the Ministry of Finance on the expenditure side of the budget for the following year, the volume of investments will reach a record 6,930 mln. AZN (+ 10.7% to the forecast for this year).
According to the forecasts for the years 2016-2018, reduction of investments is planned for this position. Thus, in 2016 the volume of capital investment is projected at 6.2 billion AZN, in 2017 - 5.8 billion AZN, and in 2018 - 5.4 billion manat.
Azerbaijan allocates annually over 6 billion manat for development of investment projects. No ministry or agency reports them to the public and Parliament. --17D-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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