CESD Feedback on State Budget of 2014 in Azerbaijan

CESD Feedback on State Budget of 2014 in Azerbaijan Azerbaijani State Budget was approved last week. Based on the predictions of the Ministry of Finance of Azerbaijan Republic for 2014, the income and expenditure of the state budget are more aligned to real economic conditions than recent years’ budgets. The income of state budget has been forecasted around 18 384 million but the expenditures will be 20 063 million manat. It means the state budget... Read More

Social sphere accounts only for 25.4% of 2013 budget expenses

Social sphere accounts only for 25.4% of 2013 budget expenses The state budget bill for 2013 is of investment essence but despite this a huge part of the budget costs will be used for social sphere.  The statement came from Finance Minister Samir Sharifov at the joint session of six committees of Milli Majlis. He said social expenses will make 25.4% of the budget costs. These amounts will mainly be used for financing such spheres as science, culture,... Read More