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Azerbaijani Parliament adopts 2011-state budget draft (UPDATE)

Business Materials 22 October 2010 13:15 (UTC +04:00)
EDITOR’s NOTE: Finance Minister’s comments added after the second paragraph
Azerbaijani Parliament adopts 2011-state budget draft (UPDATE)

Azerbaijan, Baku, Oct.22 / Trend, M.Aliyev /

EDITOR's NOTE: Finance Minister's comments added after the second paragraph

Azerbaijani Parliament adopted a draft of the 2011-state budget with 104 votes "for" and 5 "against" at a meeting today.

Revenues of the 2011- state budget will increase by 4.8 percent compared to 2010 to 12.061 billion manat (30 percent of GDP) and expenditure by 3.9 percent to 12.748 billion manat (31.7 percent of GDP). Deficit of Azerbaijan's 2011-state budget is projected at 687 million manat or 1.7 percent of GDP.

Azerbaijani Finance Minister Samir Sharifov said that after discussions the state public assignments for the Veterinary Service under the Ministry of Agriculture to purchase medicines were increased by 500,000 manat, and expenses for strengthening the Parliament's material and technical basis were raised by 440,000 manat to

Official exchange rate is 0.8012 manat to $1 Oct.22.

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