The reaction of the Accounting Chamber on charges in Sumgait
In schools of Sumgayit teachers were collected 20-50 manats (depending on the load and position) to "adequately please the Accounting Chamber staff of Azerbaijan."
The complainant (authoritative teacher), who asked not to be named, said Chamber staff was professional and knowledgeable experts. They found all the "dead souls" in the education system of a satellite town and all the classes "attributed" to teachers really spending time in the trade between Turkey, the UAE and Baku. Because of that the City Department of Education has decided to "thank" the auditors for the high level of skill.
In the Internal Control Audit Chamber (phone 012 493 51 47) in response to information they told Turan that they do not engage in such practices and encouraged to turn to the press secretary. The Press secretary Naila Gazieva informed the agency that anonymous application is not considered in this body.
Audit budget in Azerbaijan is carried out by two bodies - the State Control Agency under the Ministry of Finance (protects the interests of the government) and the Accounts Chamber of the Parliament (to be accountable to society). Unfortunately, the legislative body within a conspiracy against the public interest is silent along with the executive agency.
Recall the solution to check the intended use of state capital investments allocated to the Education Department of Sumgayit city, approved at a meeting of the Accounting Chamber of Azerbaijan on May 15 this year.
The Accounting Chamber last year conducted 75 audits target country, in all cases to find the composition of financial crimes. The outcome of the raids sent to the Prosecutor General, to all the rest - to the Parliament.
The Accounting Chamber of Azerbaijan, as a rule, is limited to generalities 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 budget revenues and expenditures is the responsibility of government agencies, including the Chamber of Accounts. - 17D-
Economics
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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.
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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.
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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.
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"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.
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