The Chamber encouraged the performance of last year"s state budget
The Accounting Chamber of Azerbaijan (SPA), at a meeting on May 21 discussed and approved the draft law of Azerbaijan "On the execution of the state budget of the Azerbaijan Republic for 2012", recommending that the document, as well as a review of it and the House of Execution of the fiscal law of the country for discussion in parliament.
The College also discussed the audit program expenditure of government funds allocated to this organization, as well as forecasting and the use of budget funds allocated for the use of land owned by the state and Shemkir Gyadyabyayskogo areas.
Identified a number of deficiencies in public services Gusar, the evidence of which are directed to the Milli Majlis.
Accounting Chamber of Azerbaijan, reporting to the parliament, in force since December 7, 2001, as the body that controls the flow budget AR.
Leading employees (members of the Board, which consists of a chairman, his deputy and seven auditors) are elected every 7 years.
Accounting Chamber of Azerbaijan, is usually limited to general statements about the board meeting, without giving specific figures and data. According to Article 6.0.3 of the Law of Azerbaijan "On receiving information" ("Basic principles of information"), the disclosure of information on budget revenues and expenditures is the responsibility of government agencies, including the Chamber of Accounts. - 17D-
-
- Politics
- 24 May 2013 12:30
-
- Question-answer
- 24 May 2013 13:23
Economics
-
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.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review