Surplus of State Budget Even Exceeds Its Expenses
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
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- Politics
- 28 March 2016 17:23
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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