BAKU, Azerbaijan, July 11. Our state budget this year has already reached a record level – it has risen to the level of more than 33 billion dollars. However, the acquisition of additional revenues in the first half of the year allowed us the opportunity to make additions to the budget to address urgent issues, and we did that, said President Ilham Aliyev as he addressed a meeting dedicated to the socio-economic results of six months of 2023, Trend reports.
"Today, our budget is in excess of 36 billion dollars, and of course, this has also enabled us to implement the main investment projects facing the country. First of all, we should give further impetus to extensive construction work in the liberated lands and increase our military power," the head of state emphasized.
"Meanwhile, our financial situation has also significantly improved, and this has happened for a number of reasons. First of all, the strengthening of discipline in the financial sector, the continued reforms of tax and customs bodies, and transparency – all these factors have allowed us the opportunity to review the budget in the middle of the year and conduct reconciliation. This is very gratifying because the collected funds have significantly exceeded the forecast. Our state budget this year has already reached a record level – it has risen to the level of more than 33 billion dollars. However, the acquisition of additional revenues in the first half of the year allowed us the opportunity to make additions to the budget to address urgent issues, and we did that," President Ilham Aliyev added.