Azerbaijan, Baku, 12 November / Trend , corr. I.Khaliloa /"Reducing the expenditure growth rate in the state budget for 2009 is prompted with tighter financial and loan policy of the Azerbaijani Government," Heydar Asadov, the chairman of the Accounting Chamber, said at the plenary session of the Milli Majlis (Azerbaijani Parliament) to discuss the draft budget-2009.
"The growth rate of state expenditure has dramatically gone down compared to the previous years," Asadov added.
One of the innovations in the expenditure part of the state budget structure for next year is the excess growth of local expenditure over the central costs associated with the development of regions of Azerbaijan. In connection with the fluctuation of oil prices on world markets 30 percent of the difference between the wholesale price and export price will be transferred to the state budget. Until 2008, these expenses were at 25 percent.
A total of AZN 60mln was invested to ensure the food
security in Azerbaijan and remove dependence on global markets in the state
budget-2009. Asadov said. In addition, the Treasury will provide funds to
establish a fund to develop science.
One of the advantages of forecasts of the state budget for next year is to
avoid blow of predictive indicator by a number of state organizations.
"According to our records, costs have been reduced several times for such organizations," Asadov added. He refused to announce the names of those organizations.