The Ministry of Finance published the preliminary forecast of the consolidated budget of Azerbaijan for next year, which reflects the revenues and expenses of the balanced budget of the State Social Protection Fund (SSPF) of the Ministry of Labor and Social Protection of Population.
The forecast for this indicator is set at 3 billion 400 million AZN (nominal + 2.8% to the declared level of the year, without taking into account the devaluation). As stated in the presentation (http://maliyye.gov.az/sites/default/files/2017-layihe.pdf), 1 billion 270 million (37.4% of revenues) will be transferred from the state budget, 704.4 million will be contributions from the state budgetary entities, and the remaining 1.42 billion will come at the expense of the compulsory insurance of employees of private entities.
Recall, income and expenses of the SSPF balanced budget for the current fiscal year have been approved at the level of 3 billion 307.36 million AZN. --17D-
Economics
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Azerbaijan Airlines (AZAL) announced on Monday the launch of its first direct flights from Baku to Male, the capital of the Maldives, marking a milestone in the airline's history.
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Azerbaijani Energy Minister Parviz Shahbazov arrived in Romania on Monday at the invitation of his Romanian counterpart, Sebastian-Ioan Burduja, to participate in the 8th meeting of the Ministers of Azerbaijan, Georgia, Romania, and Hungary. The meeting, scheduled to take place in Bucharest on September 3, 2024, is aimed at advancing the "Strategic Partnership Agreement" focused on the development and transfer of green energy.
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As previously reported, SOCAR began gas supplies to Croatia on September 1.
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