In January 2016 the state budget revenues amounted to 1 billion 349.6 million manats. The Ministry of Finance spent 516.4 million mantas of that.
Thus, a surplus was formed in the amount of 833.2 million manats, or 20.8% of GDP, according to State Statistics Committee.
Since the beginning of the year to finance public investment projects a single manat has not been spent, while in January 2015, investments from the budget were 807.8 million manats.
For social needs the state budget was allocated 203.9 million AZN, which was 1.2 million manats more than a year before. Education expenditures (27.4 million manats) decreased by 13.8%.
Running the judiciary, law enforcement agencies and the prosecutor's office amounted to 42.2 million manat in January, which is 38.4% more compared to January 2015. ----08D
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review