shutterstock.com
Baku/26.09.23/Turan: The Ministry of Finance announced a significant increase in both revenues and expenditures of the state budget for 2024, which will amount to 408.0 million manats, respectively.
The decision to boost these financial parameters was made by the Cabinet of Ministers. Revenues for the upcoming fiscal year are now projected at 34 billion 173 million Manats, while expenses are expected to reach 36 billion 763 million Manats. However, the specific details regarding the adjustments to revenues and expenses have not been disclosed in the official statement.
In the earlier version of the budget, revenues were initially anticipated to be 33 billion 765 million Manats, with expenditures projected at 36 billion 355 million Manats.
In the fiscal year 2023, the state budget recorded revenues of 33 billion 779.5 million Manats and expenditures totaling 36 billion 568.8 million Manats, providing context for the notable changes introduced in the 2024 budget.--0--
Economics
-
Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
-
Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
-
Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
-
Azerbaijan is accelerating the implementation of its socio-economic development strategy, focusing on digital transformation and strengthening cybersecurity. The government is allocating resources to human capital development, prioritizing the training of cybersecurity professionals, said Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency, on January 30 during the fourth “Graduation Day” of the Azerbaijan Cybersecurity Center (AKM).
Leave a review