Cabinet mulls Azerbaijan’s draft state budget for 2018
Baku, Azerbaijan, Sept. 21
Draft state budget and draft consolidated budget for 2018, as well as consolidated budget indicators for the next three years were today discussed by Azerbaijan’s Cabinet of Ministers under the chairmanship of Prime Minister Artur Rasizade.
The Cabinet has said that meeting participants also mulled the draft concept of Azerbaijan’s socio-economic development for 2018 and the next three years, as well as drafts of a number of legal documents included in the budget package.
Azerbaijan’s Minister of Finance Samir Sharifov and Economy Minister Shahin Mustafayev delivered reports on issues in the agenda.
During the meeting, it was noted that the draft state budget for 2018 is based on the success achieved thanks to the successful economic policy pursued in Azerbaijan under the leadership of the country’s president, and given the ongoing global financial and economic processes.
When preparing the draft, social orientation of the state budget was taken as a basis, and attention was paid to factors such as constant improvement of the material well-being of the people, ensuring the defense power and security of the state, supporting development of the non-oil sector.
“Drafts of state budget and consolidated budget of Azerbaijan for 2018, and consolidated budget indicators for the next three years” and “The concept of economic and social development of Azerbaijan for 2018 and the next three years, and projections”, prepared based on state programs jointly with ministries, committees, departments and organizations, were approved following discussions.
It was then decided to submit the documents included in the budget package to the president of Azerbaijan in line with the Law on Budget System.