Azerbaijani Ministry of Finance has published a report on the operational performance of the state budget in January-September (http://maliyye.gov.az/node/1979).
As of the 3rd quarter, the revenue part of the budget amounted to AZN 10 billion 103.1 million, and the expenditures – AZN 10 billion 622.2 million with a deficit of 519.1 million manat. The forecast revenue was executed by 83.5%, and the expenditure – by 87.5%.
The largest share of income was from the Ministry of Taxes – AZN 4 billion 926.3 million, transfers from State Oil Fund were AZN 3.26 billion, transfers from the State Customs Committee were AZN 1 billion 653.8 million (+ 529 600 000, or +25.6% to October 1 last year). Proceeds from the budgetary organizations were at the level of AZN 192.9 million, and other charges - AZN 70.1 million.
On social expenses: payroll, pensions and benefits, medicines and food 4 billion 514 million manat was spent, which was 42.5% of the volume (+ 406.6 million or +9.9% to October 1 last year). The supply of gas, electricity, water, transportation and some other items was spent AZN 1 billion 151.7 million. Investment projects were spent AZN 212.8 million.
On the consolidated budget the situation is better – the revenues amounted to AZN 14 billion 951 million, and the expenses were AZN 12 billion 623.4 million, with surplus of AZN 2 billion 327.6 million. --17D-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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