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Azerbaijan Telecommunications Ministry Allotted Over 20mln. AZN to State Budget in 2006

ICT Materials 19 January 2007 17:00 (UTC +04:00)

The Azerbaijan Telecommunication and IT Ministry allocated 21,8 mln. AZN to the State Budget in 2006. Trend reports referring to Rashad Nabiyev, the Chief of the Department for Finances, Accounting, and Economic Analysis, that the allotments to the State Population Social Protection Fund reached 7,8 mln. AZN in 2006.

The investments put to the telecommunication sphere within the enterprises of the Ministry, were 41,7 mln. AZN. On the whole, the volume of investments put to the telecommunication sector reached 211,6 mln. AZN (3,5%) out of the total amount of investments put into the economy of the country in 2006.

The total revenues gained from the telecommunication sphere in the reporting period reached 572 mln. AZN. This aggregate figure within the enterprise of the Ministry reached 170,8 mln. AZN, at a growth of 9,3%.

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