Nearly 14 billion manat ($8.2 billion) is planned to be allocated for social spending from Azerbaijan's state budget for 2022, MP Vugar Bayramov said at a plenary meeting of the parliament on Nov. 23, Trend reports.

Azerbaijan's draft state budget for 2022 may be amended, Finance Minister Samir Sharifov said, Trend reports on Nov. 11.

The price of Azerbaijani oil will be set at $50 in the state budget of Azerbaijan for 2022, Chairman of the Board of the Central Bank of Azerbaijan Elman Rustamov said at a press conference, Trend reports.

Azerbaijan increased its defence and security expenditures by 31.6 pct in 2020, local news sources reported on May 24.

The draft state budget of Azerbaijan for 2021 will be submitted for discussion to the parliament soon, Chairman of the Committee on Economic Policy, Industry and Entrepreneurship of Azerbaijan’s Parliament Tahir Mirkishili said.

Azerbaijan’s defence and security budget will amount to $2.33 billion (AZN 3.95 billion) in 2021, compared to $2.27 billion (AZN 3.85 billion) in 2020.

Changes in the state budget are needed to avoid the damage caused by the coronavirus pandemic, Minister of Finance Samir Sharifov said on August 4.

In January-July 2019, the state budget revenues of Azerbaijan amounted to 12,435.5 million manats, while expenses reached 13,102.7 million manats, Trend reports referring to the country's State Statistical Committee.

The State Customs Committee (SCC) of Azerbaijan transferred 348.4 million manats to the state budget in March 2019, which is 23.8 percent more than in the same period in 2018, Trend reports with reference to the SCC April 5.

The State Customs Committee (SCC) of Azerbaijan transferred 329.65 million manats to the state budget in January 2019, which is 45.8 percent higher than in the same period in 2018, Trend reports with reference to the SCC Feb. 12.