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Azerbaijani districts, cities to not receive state funds in 2024 named

Economy Materials 2 November 2023 13:29 (UTC +04:00)
Azerbaijani districts, cities to not receive state funds in 2024 named
Humay Aghajanova
Humay Aghajanova
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BAKU, Azerbaijan, November 2. Azerbaijan's 59 districts and cities will not receive funding from centralized spending to regulate local revenues and expenditures next year, instead operating on the self-financing premise, Member of the Milli Majlis (Parliament) Committee on Economic Policy, Industry and Entrepreneurship, MP Vugar Bayramov said, Trend reports.

He pointed out that, according to the proposed law on the state budget for 2024, cash from the state budget will be provided to only seven districts next year. The Lerik district, which received budget support this year, should exist next year on its own income.

"It should be noted that 14 districts have been allocated funds from the state budget for 2022. As you can see, in recent years, the number of districts receiving money from the state budget has been decreasing year after year compared to the previous year," the MP stated.

According to the project, next year the state budget funds will be allocated to Jabrayil - 1.21 million manat ($711,764), Khojavand - 1.22 million manat ($717,647), Khojaly - 1 million manat ($588,235), Kalbajar - 1.9 million manat ($1.1 million), Lachin - 1.4 million manat ($823,529), Yardimli - 1.8 million manat ($1 million) and Zangilan - 623,000 manat ($366,470).

"These districts will receive 9.3 million manat ($5.4 million) from the budget. This figure was 12.3 million manat ($7.2 million) this year. The amount of funds allocated from the state budget for all districts will be reduced next year," he emphasized.

Bayramov also noted that out of 7 districts that will receive funds from the budget next year, six are in Karabakh and Eastern Zangezur.

"Out of those outside the territories liberated from occupation, only Yardimli district will be able to receive support from the state budget. Increasing the number of self-financing districts is important in terms of eliminating dependence on the state budget.

However, at present, one of the main goals is to support balanced economic development and to gradually reduce the economic gap between the region and the capital. In this regard, it is very important to stimulate increased investment in these regions," the MP added.

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