BAKU, Azerbaijan, October 27
The expenditures of the state budget of Azerbaijan on defense and security in 2022 are expected to amount to 4.49 billion manats ($2.6 billion), Trend reports citing the "On the state budget of Azerbaijan for 2022" law draft published in the official press.
For comparison, the defense spending of the budget of Azerbaijan in 2021 is expected to amount to 4.59 billion manats ($2.7 billion).
The revenues of the state budget of Azerbaijan in 2022 is forecast to equal about 26.82 billion manats ($15.7 billion), which is an increase of 5.4 percent compared to 2021.
State budget expenditures are projected at 29.89 billion manats ($17.5 billion), which is 4.7 percent more as compared to the expenditures envisioned in 2021.
Thus, a budget deficit is to be just over 3.06 billion manats ($1.8 billion), which is 1.7 percent less than in the state budget for 2021.