Oil fund ensured 58.2% of payments of state budget
During 2013 incomes of the Azerbaijan state budget totaled 19,494,400,000 AZN, while expenses – 19,112,600,000 AZN, reported the Azerbaijan Finance Ministry.
According to the Finance Ministry, in 2013 transfers from the State Oil Fund of Azerbaijan (SOFAZ) to the state budget of Azerbaijan totaled 11,350,000,00 AZN or 58.2% of all budgetary incomes.
The payments to the state budget from the Taxes Ministry totaled 6,664,000,000 AZN and from the State Customs Committee – 1,382,200,000 AZN.—0---
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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