BAKU, Azerbaijan, Oct. 27
Subsidies to Azerbaijan’s Nakhchivan Autonomous Republic (NAR) from the state budget will grow by more than 14 percent up to nearly 431.6 million manat ($253.8 million), Trend reports citing the draft law 'On the state budget of Azerbaijan for 2022', published in the official press on Oct.27.
In the state budget for 2021, subsidies to the NAR were envisaged in the amount of 378.13 million manat ($222.4 million).
The revenues of the state budget of Azerbaijan in 2022, according to official forecasts, will amount to about 26.82 billion manat ($15.77 billion), an increase of 5.4 percent compared to 2021. At the same time, state budget expenditures are planned at the level of 29.89 billion manat ($17.58 billiion), which is 4.7 percent more than this year. Thus, a deficit of just over 3.06 billion manat is formed in the budget, which is 1.7 percent less than in 2021.