Azerbaijani Accounting Chamber discusses state budget execution
Azerbaijan, Baku, May 16 / Trend A. Akhundov /
The Azerbaijani Accounting Chamber has discussed its conclusion of an annual report on the state budget's execution and the bill on "Executing the Azerbaijani State Budget in 2011," the chamber said today.
Special attention in the conclusion has been paid to the analysis of macroeconomic indices that characterized the country's economy in 2011 and the factors affecting the economy.
Moreover, the conclusion includes the proposals and recommendations of the Accounting Chamber in many areas.
The chamber also approved the conclusion and decided to submit the report for discussion in the Azerbaijani Parliament.
The revenues of the Azerbaijani state budget in 2011 were executed at 100.9 percent, amounting to 15.700.6 billion manat, and expenses - 15.394.7 billion manat (while excuting by 96.6 per cent). Accordingly, the budget surplus amounted to 305.9 million manat.
The revenues of the state budget increased by 37.7 per cent or 4.297.6 billion manat compared to 2010. The expenditures of the state budget increased by 30.8 percent (3.628.8 billion manat) compared to 2010.
The official exchange rate is 0.7859 AZN/USD on May 16.