Use of budgetary funds to be carried out by a new system in 2007
Forming of budgetary expenditures for 2007 will be carried out on the base of a new program, while consultative aid to the Azerbaijani Finance Ministry will be rendered by the adviser from the U.S. government, Trend reports quoting Ilgar Fatizade, the first Deputy Minister of Finance.
Work on forming of forecasts will start after the approval of the composition of the State Commission by the Cabinet of Ministers. The expenditures will be formed on the base of the state program on poverty reduction, development of social and economic state of the regions, investment policy.
According to Fatizade, the new system is developed for drawing up forecasts. Besides, there will be novelty in the work of the State Commission. In accordance with the proposal by IMF, use of budgetary funds will be of program character and new system is related to this.
