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
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
-
Azerbaijan’s labor market has expanded, with the total number of employees in the country’s economy reaching 1.78 million as of early January 2025, according to preliminary data from the State Statistics Committee. The data reveals a nearly equal distribution of employment between the public and private sectors, with 882,800 people working in state-run institutions and 895,700 in the non-public sector.
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
Leave a review