Azerbaijani parliament adopts revised state budget for 2016
Azerbaijani parliament at the plenary session has adopted amendments to the country's state budget for 2016. In accordance with the amendments, the adjusted state budget revenues are expected at 16.822 billion manats (AZN), which is 15.5 percent more than the approved forecasts. Expenditures of the state budget are projected at 18.495 billion manats. The state budget deficit will amount to 1.673 billion manats.
Azerbaijan waives 20% fee for currency transfer abroad
Azerbaijani parliament considered it inappropriate to adopt amendments to the "Law on Currency Regulation" at its plenary session. The amendments stipulate 20-percent mandatory fees on the foreign currency transfer abroad.
Earlier, Azerbaijan's President Ilham Aliyev didn't sign the amendments to the "Law on Currency Regulation" and sent them back to the parliament.