In 2014, the city of Mingachevir and the Imishli district will join the regions that fully cover their costs at the expense of local revenue. In any case, it is included in the draft state budget for next year.
In 2014, the expenditures of local budgets will amount to 1 billion 629 million manat, which is 7.6 % higher than the figure for the current year. The share of local expenditure in total expenditure of the state budget will amount to 8.1%. In this case, the amount of subsidies from the state budget to local budgets will amount to 52.1 % of their costs. Subsidies will be reduced by 1.8 %.
The main part of local budgets (958.6 million or 58.8 %) will account for education (+8.4 %). Health care from the local budgets will be allocated 249 million manat (+6.8 %), and housing and communal services will be allocated 236.8 million manat (8.9 %).
For the maintenance of the local authorities, 87.5 million manat will be allocated. For comparison, the grants to municipalities in 2014 are provided at the level of 5.2% this year.
Currently, there are self-funded budgets in the cities of Sumgait and Shirvan and in the Absheron region. -08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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