Parliament approves the execution of the State Budget for the past year

On Friday the plenary session of the Milli Majlis passed a bill "On the execution of the state budget of Azerbaijan for 2014."  According to the chairman of the Accounting Chamber Vugar Gulmammadov, last year projections on road and land tax were performed at a low level. In addition, with the increase in public debt, it is proposed to develop a strategy to reduce it. The state budget revenues in 2014 amounted to 18 billion 400 million 565.230  manats. More than half of these funds (50.74%) are  transfers from the State Oil Fund - 9 billion 337 million manat.

Total expenditure amounted to 18 billion 708 million 999,990  manat. In this segment, the leaders are  public investment infrastructure projects,  on which  6 billion 256 million 706.720 manat were spent. For services not included in the main list 2 billion 580 million 776.150 manat were spent.

According to the Ministry of Finance, at the end of last year, the free balance of the budget treasury account was at the level of 1 billion 728 million 622.300 manat, which  have been transferred on the  account of  state budget for the 2015 fiscal year. --17D-