![The budget package submitted to the President](https://turan.az/resized/750/500/resize/media/2015/main/090200128190.jpg)
The budget package submitted to the President
A meeting of the Cabinet chaired by Prime Minister Artur Rasizade, which discussed the draft state and consolidated budgets for 2016, the concept and forecasting economic and social development for the coming year and the next three years. The official statement of the government does not have any figures on the discussed issues. The press service of the Cabinet of Ministers noted that at the meeting spoke A.Rasizade , and noted the social orientation of the state budget. Finance Minister Samir Sharifov and Minister of Economy and Industry Shahin Mustafayev also spoke at the meeting. A decision was adopted on the transfer of the state budget and other documents to the President. The economist Rovshan Agayev believes that the government taking into account the decline in revenues decided to reduce the investment costs.
Analyzing the performance of the state budget in 2013-2015 economist Gubad Ibadoglu concluded that the government does not have a deliberate medium and long term fiscal policy . "It is a new and difficult economic situation for the government: the fall in world oil prices and the decline in government revenues. In this budget revenues will decrease compared with 2013 year by 5 billion manats or 10 billion. US dollars at the exchange rate of the manat before its devaluation in February this year. Therefore, it will be difficult for the government to predict the parameters of the state budget for 2016 that would ensure macroeconomic and social stability and economic growth," said Gubad Ibadoglu. State budget revenues for 2015 have been confirmed at 19 438 million manat, expenses - 21.1 billion manats. -08D-
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review