The draft law on the state budget of Azerbaijan for 2016 has been submitted to the Milli Majlis.
According to the estimated figures, the total borrowing limit was set at 4 billion manats, of which 2.5 billion AZN is from domestic and 1.5 billion AZN from external sources. The total borrowing limit will be, according to these data, 27.46% of the planned revenues (14 billion 566 million AZN).
At the same time the cost of servicing domestic and foreign debt will amount to 1 billion 249 million 735.15 thousand manats (7.68% of expected expenditure of $ 16 billion 264 million AZN). For the domestic debt service there will be allocated about 301.07 million manats, and for the foreign debt - 948.67 million manats. --17D-
Economics
-
In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
-
Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
-
Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
-
Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
Leave a review