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Forecast on Azerbaijani state budget's deficit in 2023 unveiled

Economy Materials 7 November 2022 14:34 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, November 7. The expenditures of the Azerbaijani state budget are expected to exceed its revenues by 8.4 percent, the state budget project says, Trend reports referring to the Ministry of Finance.

The ministry said that the revenues of the state budget of Azerbaijan are expected to be around 30.7 billion manats ($18 billion), and the expenses to be about 33.3 billion manats ($19.6 billion).

"The deficit of the state budget is predicted to be at 2.5 billion manats ($1.5 billion)," said the ministry.

The ministry also expects the transfers from the State Oil Fund to the state’s budget to be 11.3 billion manats ($6.6 billion), which is 237.5 million manats ($139.7 million) less than they were in 2022.

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