Azerbaijan’s 2011 budget endorsed
BAKU – The Milli Majlis (parliament) approved Azerbaijan’s draft state budget for 2011 at a parliamentary session on Friday. The budget was endorsed by a 104-5 vote.
Revenues of next year’s budget stand at 12.061 billion manats (around $15bn), while expenses are estimated at 12.748bn manats ($15.9bn).
State expenses exceed $1.42bn, while defense spending is over $3.1bn and expenses on science $135.9 million.
The price of oil is estimated at $60 per barrel in 2011.
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