...

Azerbaijani Parliament adopts 2011-state budget draft (UPDATE)

Politics Materials 22 October 2010 13:19 (UTC +04:00)
EDITOR’s NOTE: Finace Minister’s comments added after the second paragraph
Azerbaijani Parliament adopts 2011-state budget draft (UPDATE)

Azerbaijan, Baku, Oct.22 / Trend, M.Aliyev /

EDITOR's NOTE: Finace Minister's comments added after the second paragraph

Azerbaijani Parliament adopted a draft of the 2011-state budget with 104 votes "in favor" and 5 "against" at a meeting today.

Revenues of the 2011- state budget will increase, by 4.8 percent to 12.061 billion manat (30 percent of GDP) compared to 2010 and expenditure - by 3.9 percent to 12.748 billion manat (31.7 percent of GDP). Deficit of Azerbaijan's 2011-state budget projected at 687 million manat or 1.7 percent of GDP.

Azerbaijani Finance Minister Samir Sharifov said that after discussions in the Parliament funds for the Veterinary Service under the Ministry of Agriculture to purchase medicines were increased by 500,000 manat, and by 440,000 manat to strengthen the Parliament's material and technical basis.

Official exchange rate is 0.8012 manat to $1 Oct.22.

Latest

Latest