Azerbaijan, Baku, 6 November / Trend , corr. I.Khalilova /The state and consolidated budgets in Azerbaijan for 2009- 2012 are directed to implement strategic goals of the country and to provide financial support, Samir Sharifov, the Finance Minister, said at the discussions of the document on 6 November.
According to Sharifov, the distinctive feature of the budget for 2009 is that it is envisaged to be implemented at the current unstable economic situation abroad. "Intensification of the world economic crisis faces Azerbaijan with new challenges," the minister said.
The recent achievements in the macroeconomic stability, financial and economic potential and accumulated financial reserves enable the country to protect from the worldwide financial crisis.
Under the budget for 2009, the oil prices are set at $70 per barrel, which equals the index of 2008.
The incomes of the state budget for 2008 make up AZN 12.177bln, including centralized incomes- AZN 11.698bln and local incomes - AZN 478.636mln. Budget expenditure will be at AZN 12.355bln, including centralized incomes - AZN 11.097bln and local incomes -AZN 1.257bln.
The incomes of the consolidated budget of Azerbaijan for 2009 will total AZN 22.68bln and expenditure -AZN14.758bln.
Compared to 2008, the incomes will raise to 29.9% (AZN 5.215bln) and expenditure -15.5% (AZN 1.98bln).
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