State budget forecasts for 2017 made public in Azerbaijan (UPDATE)

Business Materials 29 September 2016 14:46 (UTC +04:00)

Details added (first version posted on 13:31)

Baku, Azerbaijan, Sept. 29


Revenues of Azerbaijan’s state budget are forecasted at the level of 15.955 billion manats, expenses – 16.6 billion manats for 2017, said the country’s Finance Ministry Sept. 29.

The upper limit of the budget deficit is forecasted in the amount of 645 million manats for 2017.

The deficit will be covered by revenues from privatization, internal and external loans, foreign grants and the balance on the treasury single account of the state budget for Jan. 1, 2017.