At the plenary session of the Parliament on Tuesday, deputies began to debate the bill on the State budget for 2014. The budget revenues for 2014 are provided at 18 billion 384,000,000 manat, and expenses - of $ 20 billion 63 million manat.
In particular, centralized income totaled 14 billion 601 million manat; 5 million local revenues - in 782 , 4 million.
Centralized costs will amount to 18 billion 433 million and 5 manat; local expenditures - 1 billion 629 million manat.
Finance Minister, Samir Sharifov, made a report on the state budget and other laws included in the budget package. "In the structure of the state budget revenue 9 billion 337 million manat are transfers from the Petroleum Fund; 7 billion 102 million manat - from the Ministry of Taxes; AZN 1.5 billion - of the State Customs Committee; 400 million manat - are payments of budget state organizations, other income provided from other sources.
The main part of the budget are industrial and construction costs (6 billion 282 million manat) , government investment ( 6 billion 260 million manat.)
Expenditure on social protection and social guarantees will amount to 2 billion 72 million manta; for public services are provided by one billion 997 million manat, education - 1 billion 653 million manat on defense - 1 637 billion manat, the judiciary and law enforcement costs would amount to one billion 240 million manat.
The budget deficit is provided in the amount of 1 679 billion manat.
The discussions will last for three days, and the Accounting Palace, the head of the Central Bank, and the ministers will make reports. -03D-
Economics
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Azerbaijan's economy demonstrated robust growth from January to November 2024, with gross domestic product (GDP) rising by 4.7% compared to the same period last year, according to government data. By September, GDP had reached 92.83 billion manats (approximately $54.7 billion USD), reflecting significant progress in diversifying beyond oil and gas, a longstanding focus of economic policy.
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A recent report by the World Bank titled “Breaking Barriers for Women’s Employment in Azerbaijan” sheds light on the significant gender imbalance in the country’s labor market. While both men and women participate actively in the labor force, disparities in employment rates, job quality, and societal attitudes highlight the challenges women continue to face.
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Azerbaijan's consumer price index rose by 4.4% in November 2024 compared to the same month in 2023, driven by higher costs for food, beverages, and services, government data showed on Tuesday.
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Kazakhstan has unveiled plans to develop five major cross-border trade and transport hubs to enhance connectivity and boost economic ties with neighboring countries, Trade and Integration Minister Arman Shakkaliev said on Monday during a government meeting.
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