The bill on the execution of the state budget for 2020 was submitted for discussion in the third reading and approved at a meeting of the Azerbaijani parliament, Trend reports on June 8.
In accordance with the bill, revenues of the Azerbaijani state budget for 2020 amounted to 24.7 billion manat ($14.5 billion), expenses - 26.4 billion manat ($15.5 billion).
The budget deficit amounted to 1.7 billion manat ($1 billion). The free balance on the Single Treasury Account amounted to 1.5 billion manat ($882 million) as of January 1, 2021.
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