Azerbaijan's state budget to receive revenues from several state-owned enterprises
BAKU, Azerbaijan, Jan. 11
By Zeyni Jafarov – Trend:
For the first time, receipts from five large state-owned enterprises in Azerbaijan are forecasted in the structure of dividends for 2021, Trend reports.
This is stated in the conclusion of the Chamber of Accounts of Azerbaijan on the state budget for 2021.
“Income through dividends from enterprises whose shares have a state share are provided in the draft state budget for 2021 in the amount of 168 million manat ($98.8 million), which is significantly higher than the mentioned figure for 2020. In particular, dividends from the International Bank of Azerbaijan (IBA) are envisaged in the amount of 120 million manat ($70.5 million), from Azer-Turk Bank OJSC – 750,000 manat ($441,176), from Azerlotereya - 1 million manat, from large state-owned companies - 46 million manat ($27 million), from Agrarkredit non-bank credit institution - 200,000 manat ($117,647),” said the message.
At the same time, the Chamber of Accounts concludes that the repayment from the Guarantee Fund and the state budget of part of the liabilities of state-owned companies for guaranteed loans and the completion of 2020 financial and economic activities with a loss creates risks for the income provided for 2021, the message reads.
(1 USD = 1.7 manat on Jan. 11)