On July 2, President Ilham Aliyev approved the Law “On the Execution of the State Budget for 2023". Last year, budget revenues amounted to 35,574.8 million manats, and deductions amounted to 36,458.5 million manats. This is up by 16% and 13.7% from the previous year, respectively. As a result, in 2023, the budget had a deficit of 883.7 million manats, which is down by 34.4% from 2022.

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