The Chamber has tested tax charge of commercial structures
The Accounting Chamber of Azerbaijan (ACA), at a meeting on Oct. 25 discussed the audit program for the spending of government funds allocated to the land fund of the Narimanov district of the capital, as well as similar businesses in the Gedabey, Aghstafa, Astara and Khyzy areas.
They verified the accuracy of tax transfers by such business structures, as LLC Milk-Pro, JSC Baki Inshaat Layihe and other commercial organizations. Documents for discussions have been submitted to the Parliament.
Fewer violations recorded during checks in the executive power in Mingachevir and Yevlakh and the agricultural enterprises of the Nakhchivan Autonomous Republic.
The Accounting Chamber of Azerbaijan, reporting to the parliament, has been in force since December 7, 2001, as it is the body that controls the budgetary flow in AR.
Th leading employees (members of the Board, which consists of a chairman, his deputy and seven auditors) are elected every 7 years.
The Accounting Chamber of Azerbaijan is usually limited to general statements about the board meeting, without giving specific figures or 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-
-
- Economics
- 29 October 2013 16:37
-
- Question-answer
- 29 October 2013 16:56
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