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Azerbaijan reveals projected expenditure for economic activity in 2021

Finance Materials 22 December 2020 17:22 (UTC +04:00)
Azerbaijan reveals projected expenditure for economic activity in 2021

BAKU, Azerbaijan, Dec. 22

By Zeyni Jafarov – Trend:

The estimated expenses related to economic activities (except state capital investments and expenses for the reconstruction and restoration of Azerbaijan's liberated territories (during the recent 44-day Patriotic War) in the country's state budget for 2021 will make up 912.5 million manat ($536.7 million), Trend reports referring to the Ministry of Finance.

The share of the above expenses in the state budget expenditures will be 3.2 percent.

From the 2021 state budget funds envisioned for expenses related to economic activities, 208.7 million manat ($122.7 million) will fall on transport and communication costs, 55.4 million manat ($32.6 million) - on economic and commercial activities.

Moreover, 1.6 million manat ($940,000) will account for construction costs, 15.1 million manat ($8.9 million) - for costs in the field of geodesy and mineral resources, 1.5 million manat ($880,000) - for economic researches, and 628.3 million manat ($369.6 million) - for financial provision of other services related to the mentioned activities.

The total forecasted expenses of the consolidated budget will amount to over 31.1 billion manat ($18.3 billion), which is 855 million manat ($502.9 million), or 2.8 percent more than in 2020.

(1 USD = 1.7 manat on Dec. 22)

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