Azernews.Az

Friday March 29 2024

Azerbaijan’s draft state budget for 2019 sent to gov’t [UPDATE / PHOTO]

24 September 2018 13:15 (UTC+04:00)
Azerbaijan’s draft state budget for 2019 sent to gov’t [UPDATE / PHOTO]

By Sara Israfilbayova

Projects of the state and consolidated budget of Azerbaijan, as well as forecasts on the indicators of the consolidated budget of the country for the next three years were sent to the Cabinet of Ministers.

Azerbaijani MP Ziyad Samadzade said, speaking at a meeting of Azerbaijan’s parliamentary committee on economic policy, industry and entrepreneurship on September 24.

The Cabinet of Ministers should discuss the draft state budget and send the document for consideration by the President of Azerbaijan.

The draft state budget of Azerbaijan for 2019, the draft consolidated budget and indicators of the consolidated budget for the next three years, the concept of economic and social development of Azerbaijan for 2019 and the next three years were discussed at the meeting.

In turn, Prime Minister Novruz Mammadov noted that the 2019 draft state budget of Azerbaijan has been drawn up taking into account the global financial and economic processes.

The prime minister said the draft state budget for the next year from this point of view was compiled on the basis of achievements, as well as taking into account the global financial and economic processes taking place in the world.

Mammadov added that as always the social orientation of the budget and the constant improvement of people's well-being were taken as a basis while preparing the draft state budget.

He underlined that special attention was paid to supporting the development of the non-oil sector, ensuring the defense power and security of the country, further improvement of the country's prestige on international arena.

After the discussion of the drafts, a decision was made to approve them and submit a collection of documents included in the draft budget to the president.

Revenues of the state budget of Azerbaijan in January-July of 2018 amounted to 12.078 billion manats ($7.104 billion), which is 28.4 percent more than the same period of last year. Expenditures compared to seven months in 2017 increased by 19.3 percent, to 11.649 billion manats ($6.852 billion). During the reporting period, the state budget was executed with a surplus of 428.8 million manats ($252.2 million).

The state budget revenues for 2018 were approved at the level of 20.127 billion manat ($11.84 billion), and expenditures - 21.047 billion manats-$12.38 billion (including centralized incomes - over 19.473 billion manats ($11.45 billion) and local incomes - 653.350 million manats ($384.32 million), centralized expenses - over 20.323 billion manats ($11.95 billion) and local expenses - 723,925 million manats ($435.84 million).

---

Sara Israfilbayova is AzerNews’ staff journalist, follow her on Twitter: @Sara_999Is

Follow us on Twitter @AzerNewsAz

Slider Image 1
Slider Image 1
Slider Image 1
Slider Image 1
Azerbaijan’s draft state budget for 2019 sent to gov’t [UPDATE / PHOTO] - Gallery Image
Azerbaijan’s draft state budget for 2019 sent to gov’t [UPDATE / PHOTO] - Gallery Image
Azerbaijan’s draft state budget for 2019 sent to gov’t [UPDATE / PHOTO] - Gallery Image
Azerbaijan’s draft state budget for 2019 sent to gov’t [UPDATE / PHOTO] - Gallery Image
Loading...
Latest See more