Training in High Schools to Cost 22 Million AZN
The following year, state-run organizations will have a budget of paid services to the population and legal entities in the amount of 300 million manat (minus 25% against the plans for this year).
According to the draft law on the state budget for 2015, the police should receive 101 467 000 manat (minus 42%). Tuition at universities will officially amount to 22.303 million manat (minus 52%), paid services in health will only amount to 5.174 million manat (minus 39.9%), cultural activities and sports - 3,075,000 manat (minus 40.8%), and customs services - 52.1 million manat (+ 10.6%).
In 2015, non-budgetary foundations will first begin to receive funds from the provision of sanitation services; their volume is projected at 6,048,500 manat. --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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