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Azerbaijan to reduce expenditures on economic activities in 2024

Economy Materials 22 September 2023 22:00 (UTC +04:00)
Elchin Mehdiyev
Elchin Mehdiyev
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BAKU, Azerbaijan, September 22. Azerbaijan will reduce spending on economic activities by almost 22 percent, Trend reports via the Ministry of Finance.

In 2024, this indicator will amount to 7.38 million manat ($4.3 million).

According to the ministry, this is 21.5 percent less than the approved forecast for 2023.

In 2022, Azerbaijan's total state budget expenditures reached 32.06 billion manat ($18.86 billion), up by 4.64 million manat ($2.73 million) or 16.9 percent compared to 2021.

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