Azerbaijan’s state budget expenditures to increase by quarter in 2014
Azerbaijan, Baku, Oct. 2 /Tend E. Aliyev/
In 2014 expenditures of Azerbaijan's state budget will exceed 25 billion manats, Chairman of the Economic Policy Committee of the Milli Majlis (parliament of Azerbaijan) Ziyad Samadzadeh told journalists on Wednesday.
State budget forecasts for the next year have been formed on the basis of the oil price of $100 per barrel of oil, as in 2013.
Samadzadeh said that, the project of state budget for 2014 will be submitted to the parliament by October 10.
According to forecasts for 2013, the incomes of the state budget were approved at 19.159 billion manats (increasing by 12.4 percent), expenses - 19.85 billion manats (increasing by 12.1 percent), and the deficit of the state budget - 691 million manats (growth of 3.5 percent).
Transfers from the State Oil Fund to the state budget are provided at the level of 11.35 billion manats.
Azerbaijan's GDP for 2013 is projected at 56.1 billion manats, and economic growth - 5.3 percent.
The official exchange rate on October 2 is 0.7845 AZN/USD.