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Azerbaijan's draft 2019 budget sent to Cabinet of Ministers (UPDATE)

Business Materials 24 September 2018 17:08
Azerbaijan’s draft state and consolidated budgets, as well as the country’s consolidated budget forecasts for the next three years have been sent to the Cabinet of Ministers.

Details added (headline changed, first version posted on 11:38)

Baku, Azerbaijan, Sept. 24

By Ilkin Shafiyev - Trend:

Azerbaijan’s draft state and consolidated budgets, as well as the country’s consolidated budget forecasts for the next three years have been sent to the Cabinet of Ministers, Azerbaijani MP Ziyad Samadzade said Sept. 24.

He was speaking at a meeting of Azerbaijan’s parliamentary committee for economic policy, industry and entrepreneurship.

The Cabinet of Ministers should discuss the draft state budget and send the document for Azerbaijani president’s consideration.

Revenues of Azerbaijan’s state budget in January-July 2018 amounted to over 12.078 billion manats, which is 28.4 percent more than in the same period last year. Expenditures of Azerbaijan’s state budget over the past seven months amounted to over 11.649 billion manats, which is 19.3 percent more than in the same period of 2017.

During the period, the state budget of Azerbaijan was executed with a surplus of 428.8 million manats.

(1.7 AZN = 1 USD on Sept. 24)

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Follow the author on Twitter: @IlkinShafiyev

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