BAKU, Azerbaijan, January 7. The local budget revenues of the Nakhchivan Autonomous Republic (NAR) exceeded 250 million manats last year, and more than 50 percent of the budget expenditures were fulfilled at the expense of local revenues, Minister of Finance of NAR Hasan Ismayilov told reporters, Trend reports.
He observed that the fiscal year 2024 demonstrated significant
achievements in the realm of socio-economic reforms implemented
within the NAR, alongside notable advancements in budgetary and
financial policy frameworks.
Ismayilov asserts that substantial measures have been implemented
to streamline fiscal outlays and enhance income streams in the
formulation of the NAR budget during the preceding timeframe.
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