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-
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review