Draft State Budget for 2021 Submitted to Parliament

Baku / 21.12.20 / Turan: Projects of the state and overview budget for 2021 have been submitted to parliament.

This was announced by the Ministry of Finance.

The report notes that the main feature of the draft state budget is restoration and reconstruction work in the liberated territories, the creation of social, economic, energy, utilities, transport infrastructures in the liberated territories, the creation of conditions for the residence and business activity of citizens who will return to their lands.

According to the project, the state budget revenues are forecasted at the level of 25 billion 427 million manats, which will amount to 33.6% of GDP. Compared to 2020, state budget revenues are higher by 1 billion 303 million manats, or 5.4%.

State budget expenditures are projected at 28 billion 543 million manats (37.7% of GDP), which is more by 1 billion 50 million 800 thousand manats or 3.8% compared to 2020.

The revenues of the survey budget are projected at the level of 23 billion 828 million 100 thousand manats (compared to 2020, more by 1 billion 465 million 100 thousand manats, or 6.6%), and expenses at the level of 31 billion 163 million 400 thousand manats (in comparison with 2020 more by 855 million 100 thousand manats or 2.8%).

The projected budget deficit will be 9.7% of GDP, which is 1.4% less than the 2020 budget deficit. –71D-