Azerbaijani Finance Ministry to Advise on International Standards of Financial Operations in Nakhchivan
Azerbaijan, Nakhchivan / corr Trend E.Mammadov / A new administrative building of the Nakhchivan Autonomous Republic of Azerbaijan was opened in the Nakhchivan City on 31 August. Attending the event was Vasif Talibov, Chairman of the Supreme Assembly of the NAR and Samir Sharifov, the Azerbaijani Finance Ministry.
Addressing the event Sharifov said that the delegation which arrived in Nakhchivan will familiarize the employees of the Finance Ministry of the Autonomous Republic with the methods of application in conducting financial transactions in accordance with international standards.
The minister said that in 2007 the budget expenses of Nakhchivan AR increased 3.2% compared to 2003 and made up AZN 170mln. The amount of budget subsidies allocated out of the public budget rose 5.3 times and reached AZN 152.7mln.
Sharifov said that this year the budget of NAR was 45.9% up compared to last year.