According to the pessimistic scenario, budget cuts will continue in 2017. Compared to 2016, they will drop another 10%, or 1.6 billion manats, according to the government's budget package for the coming years.
This scenario is inscribed with the condition of conservation of world oil prices at $ 50.
In 2017, the government expects revenues of the state budget of 13.2 billion manats, and the expenses of 14.6 billion manats. Budget expenditures will decrease by 20% compared to 2011.
In 2016-2019, the government expects to maintain stable spending on education and health care, while the costs of culture, arts and sports will be reduced by an average of 30%.
During the October 13 discussions over the budget for 2016 in Parliament members of the government said that in the coming years, the growth of wages of public employees will continue.
However, experts analyzing the forward-looking indicators of the state budget for the coming years are questioning these statements, as 70% of the employees are financed from the state budget, which makes it almost impossible. --08D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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