Azerbaijani parliament adopts law on execution of 2016 state budget
The Azerbaijani parliament adopted a law on execution of the state budget for 2016 at a plenary session. Revenues of Azerbaijan’s state budget for 2016 amounted to 17.5 billion manats (executed by 104.1 percent), and expenditures totaled 17.75 billion manats (executed by 96 percent). The deficit of the state budget amounted to 245.6 million manats that is by 1.67 billion manats less than the forecast.
Azerbaijan speeding up creation of free economic zones
Azerbaijani President Ilham Aliyev has signed an executive order setting up an 11-man task force that will work to speed up the establishment of free economic zones.
The President appointed deputy chairman of the Milli Majli Valeh Alasgarov as head of the task force.