BAKU, Azerbaijan, May 24
By Zeyni Jafarov - Trend:
Azerbaijan's state budget last year was executed with a deficit, the bill on ‘Implementation of the Azerbaijani state budget in 2020’ said, Trend reports on May 24.
According to the bill, in the reporting year, the state budget revenues amounted to more than 24.6 billion manat ($14.4 billion, and expenditure - 26.4 billion manat ($15.5 billion), a growth of 2.3 percent and 8.1 percent compared to the forecast, respectively.
Thus, a deficit in the amount of over 1.7 billion manat ($1 billion) was formed in the budget. As of early 2021, the balance on the Single Treasury Account exceeded 1.5 billion manat ($880 million).
Earlier, the International Monetary Fund forecasted the ratio of Azerbaijan's state budget deficit to GDP at 5.2 percent in 2021, which is 1.2 percent less than in 2020.
(1 USD = 1.7 AZN on May 24)
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