Gov`t finalizes 2009 budget draft
Azerbaijan`s Cabinet of Ministers has submitted the 2009 draft
state budget to the President.
An official source said revenues of the state treasury are predicted to reach 12.177 billion manats ($15bn) next year, while expenses will total 12.355 billion manats ($15.25bn).
Social spending is to be increased 25% in 2009, while the average monthly wage will be brought to 353 manats ($435). Further, the country`s Gross Domestic Product is expected to reach some $53 billion, an 18% increase over 2008.
Also, inflation of 15% is predicted for next year. Lastly, the nation`s oil price has been set at $80 per barrel in the budget draft.
An official source said revenues of the state treasury are predicted to reach 12.177 billion manats ($15bn) next year, while expenses will total 12.355 billion manats ($15.25bn).
Social spending is to be increased 25% in 2009, while the average monthly wage will be brought to 353 manats ($435). Further, the country`s Gross Domestic Product is expected to reach some $53 billion, an 18% increase over 2008.
Also, inflation of 15% is predicted for next year. Lastly, the nation`s oil price has been set at $80 per barrel in the budget draft.
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