Azerbaijani President approves amendments to budget
Azerbaijan, Baku, July 3 / Trend /
Azerbaijani President Ilham Aliyev signed a decree on application of amendments to the law "On 2010state budget of Azerbaijan ".
Based on the amendments, budget revenues increased by 1.49 billion manat to 11.505 billion and budget expenditures increased by 1.12 billion manat to 12.275 billion manat. The centralized revenue approved at the level of 11.0728 billion manat, the local revenue - 432.196 million manat, centralized expenses - 11.081 billion manat and the local expenses - 1.194 billion manat.
The budget deficit was reduced from 1,249 billion to 770.3 million manat. As a result, the state budget deficit decreased from 3.9 percent to 2.3 percent of the GDP.
The Azerbaijani parliament adopted amendments to the 2010 state budget with 98 MPs voting "for" and five MPs voting "against' in June.
As a result of adjustments, the budget price on oil increased from $45 to $60 per barrel.