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Azerbaijan's projected state budget deficit for next year announced

Economy Materials 21 September 2023 16:33 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 21. A state budget deficit of 2.5 billion manat ($1.4 billion) is forecast for 2024, Trend reports via the Ministry of Finance of Azerbaijan.

According to the information, 1.8 billion manat, which is $1.058 billion (71.6 percent) of them, will be financed at the expense of borrowed funds, 448 million manat, which is $263.5 million (17.3 percent) - the balance of the single treasury account projected for the beginning of 2024, 105 million manat, which is $61.7 million (4.1 percent) - privatization proceeds and 182.6 million manat, which is $107.4 million (7.1 percent) - at the expense of the balance of the targeted budget fund "Highways" (within the framework of covering the deficit of this fund).

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