Ilham Aliyev approves budget for 2016

Azerbaijani President Ilham Aliyev has signed the law 'On the State Budget for 2016'.

The state budget revenues for next year are expected to amount to 14.566 billion manats (including centralized and local revenues), and expenditures will amount to 16.264 billion manats (including centralized and local expenditures).

According to the law, an upper limit of the budget deficit was approved at 1.698 billion manats, and the upper limit of the consolidated budget expenditures at 19,956,524.8 thousand manats, Trend reports.