The Ministry of Finance Budget Guide of the Citizen has been put on the official website (http://maliyye.gov.az/sites/default/files/CB_2016%2004112015%20arial.pdf) with the table of revenues and expenditures of the main fiscal law of Azerbaijan.
Thus, industry, construction and mining in 2016 the government allocated 3 billion 24.6 million or 16.4% of the expenditure part of the budget.
It is noteworthy that for the execution of government programs Cabinet will allocate AZN 3 billion in capital investment costs, amount to little more than transfers from the State Oil Fund (SOFAZ) - 3 billion 21.3 million AZN (total 6 billion AZN 21.3 million).
SOFAZ, according to tradition, will finance the improvement of social conditions of refugees and internally displaced persons, share of Azerbaijan's participation in the projects of the Southern Gas Corridor, as well as a number of objects protracted: reconstruction of irrigation Samur system - Absheron, the construction of the Baku - Tbilisi - Kars railway, as well as complex refining «Star» in Turkey. --17D-
Economics
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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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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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