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Main reason for increasing Azerbaijan’s budget expenditure for 2019 revealed

24 October 2018 13:00 (UTC+04:00)
Main reason for increasing Azerbaijan’s budget expenditure for 2019 revealed

By Trend

Azerbaijan’s state budget expenditure is projected at 840.8 million manats for 2019, which is 116.9 million manats, or 16.1 percent more compared to 2018, reads the draft state budget for 2019.

The main reason for the increase in expenditures for 2019 is this year’s increase in salaries of employees of companies and organizations financed by the state budget, and the increase in the amount of certain social benefits and pensions, the increase in expenses for the purchase of food in preschool institutions, and the increase in expenses in travel, defense expenditures, payment to translators, specialists and experts.

Thus, 238.4 million manats of local expenditures or 28.4 percent will be directed to expenditures in education (expenditures for financing preschool institutions), 231.5 million manats or 27.5 percent will be directed to expenditures in healthcare, 230.9 million manats or 27.5 percent will be directed for housing and utility expenses.

This is while 110 million manats or 13.1 percent will be allocated for the maintenance of executive bodies, 8.6 million manats or one percent will be allocated for expenses in the fields of culture, art, information, physical culture and for expenses not related to other categories, while 21.4 million manats or 2.5 percent will be directed to other expenses.

The upper limit of the state budget deficit in 2019 is provided in the amount of 1,862.6 million manats. Its financing will be carried out at the expense of the balance on the single treasury account, foreign loans and privatization receipts.

(1.7 manats = 1 USD on Oct. 23)

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