Azerbaijan not yet decided on revision of 2014 budget forecast

Photo: Azerbaijan not yet decided on revision of 2014 budget forecast / Economy news

Baku, Azerbaijan, May 9
By Emil Ismayilov - Trend:

The revision of the forecasts of Azerbaijan's state budget for 2014 remains uncertain.

Speaking of the possible adjustments of the budget forecasts this year, Azerbaijani Finance Minister Samir Sharifov told journalists that he has no information on this issue.

In case of changes in the 2014 state budget, the draft law is submitted to the Parliament in May.

"The report on the execution of the state budget for 2013 will be examined at the Parliament on May 16," the minister said.

Answering the question about the increase in funding mortgage loan, Sharifov said that the government doubled the amount of funds for social mortgage this year.

Some 40 million manat is considered for mortgage financing on concessional terms this year.

Social and conventional mortgages are provided through the Azerbaijani Mortgage Fund under the country's Central Bank. Funding for ordinary mortgage is implemented at the expense of placement of mortgage bonds.

Translated by S.I.
Edited by S.I.

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