In the first quarter of 2016 the state budget expenditures amounted to 2 billion 623.5 million manats. This is 42% less than in the same period of 2013.
Commenting for Turan the execution of the state budget for the three months, the economist Rovshan Agayev said that the budget is more like a four-year-old budget. Even then, the costs amounted to 220 million AZN more.
In dollar terms, the situation is even worse. The state budget expenditures were $ 1.7 billion in the first quarter of this year, while in 2013 the figure was $ 5.8 billion --08D
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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