The following year, again the most expensive in the state budget will be the scope of investment projects. According to the forecast of the Ministry of Finance of Azerbaijan (http://maliyye.gov.az/sites/default/files/2015_teqdimat_t%20%283%29.pdf), if the predictions of the cost of these items for the year шы equal to 6 billion 282 million AZN, then the next year, this figure will be in the range of 6 billion 951,600,000 manat (33% of expenditure).
According to experts of Turan, if we add to this factor the traditionally high level of transfers from the State Oil Fund of 10 billion 388 million manat or 53.44% of the total 19 billion 438 million manat revenue side, it can be concluded that the government will stick to the old approach to the exclusive control of the economy without the introduction of significant reforms. The real economy will once again be on the margins of political power plans, and any increases in pensions or public sector wages will be fraught with a splash of food inflation. --17D-
Economics
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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