Azerbaijani parliament approves budget for 2011

The Azerbaijani parliament overwhelmingly approved the state budget for 2011, Trend reports.

Azerbaijani income in 2011 will improve by 4.8%, to 12.061 billion manats (30% of GDP), expenses — by 3.9%, to 12.748 billion manats (31.7% of GDP). Azerbaijan will have a budget deficit of 687 million manats, or 1.7% of GDP.

The currency rate for October 22 is 0,8012 AZN/USD