The state budget for 2016 will increase by 2 billion mantas, the Finance Minister

The Azerbaijani government has corrected the state budget for the current year based on a basic oil price of $25 per barrel, said the Finance Minister Samir Sharifov. According to him,  in the revised budget  the revenues and expenditures of the state budget increased by 2 billion manat. Revenues of state budget this year will amount to 16.5 billion manat.

"The expected size of the deficit  is 1.7 billion  manats.  To cover it will be sent  the treasury balance  for  1 January, 2016 the amount of 1.4 billion manat," the minister said. From the privatization of state assets is expected to gain 100 million manats. These funds will be used to repay the state budget deficit.

It is predicted that this year the Ministry of Taxes will collected  by 200 million manat less, than was planned in the law of Azerbaijan Republic "On State Budget for 2016". These funds will be offset by a corresponding increase in customs revenue.  For the development of business in 2016 will be allocated from the state budget 70 million manat,  more than forecasted (66 million AZN.) -08D--