BAKU, Azerbaijan, Feb. 11
By Fidan Babayeva - Trend:
Some 12.7 million manat ($7.5 million) was allocated from the state budget to encourage the export of Azerbaijani non-oil products in 2020, Trend reports on Feb. 11 with reference to the report of the Azerbaijani Ministry of Finance on budget execution in 2020.
Some 4.7 billion manat ($2.8 billion) were allocated from the state budget for investment expenses in 2020.
The financial assistance worth 3.6 million manat ($2.1 million) was allocated to political parties from the state budget in 2020.
The revenues of the Azerbaijani consolidated budget in 2020 are estimated at 24.5 billion manat ($14.4 billion), which is by 9.4 percent more than the forecast.
Budget expenditures for 2020 amounted to 29.2 billion manat ($17.2 billion), which is by 2.6 billion manat ($1.5 billion) or 10 percent more than in 2019.
Consequently, the budget deficit equaled 4.7 billion manat ($2.8 billion), which is by 40.9 percent less than the projected figure.
------
Follow the author on Twitter: @Fidan_Babaeva