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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G20 leaders, in their final declaration at the Rio de Janeiro summit on November 19, have issued a clear directive to their negotiators at COP29 in Baku: do not leave without agreeing on an ambitious "New Collective Quantified Goal" (NCQG) for climate financing, UNFCCC Executive Secretary Simon Stiell announced Tuesday.
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A panel discussion under the theme "Heritage Development for a Sustainable Future: Agriculture, Culture, and Adaptation to Climate Change" was held as part of the 29th session of the UN Framework Convention on Climate Change (COP29). The event, organized at the ICESCO Blue Zone pavilion, focused on integrating agricultural heritage with modern practices to address climate change, biodiversity preservation, and sustainable development.
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In an effort to tackle waste and promote environmental awareness, Azerbaijan’s Ministry of Ecology and Natural Resources is revisiting a familiar Soviet-era practice: recycling glass and household waste. This time, however, the reward is not spare change but a greener future—quite literally.
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On November 18, during discussions in the Milli Majlis about the budget package for the upcoming year, the Central Bank of Azerbaijan (CBA) Governor Taleh Kazimov stated that the manat's exchange rate would remain stable in the coming years.
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