Azerbaijan to reduce defense spending by 2030
Azerbaijan plans to cut its defense spending by 8.6% over the next five years. By 2030, the republic expects to spend less than $5 billion on its military.
state budget of Azerbaijan
Azerbaijan invests $10.5 billion in revival of liberated territories
Over the past four years, Azerbaijan has allocated almost 18 billion manats for the revival of Karabakh and Eastern Zangezur. This year, 4 billion manats will be allocated for further restoration work.
Baku to allocate record $5bln for military spending in 2025
Given the large-scale militarization of Armenia, Azerbaijan has significantly increased its military budget for the coming year to a record level of 8.4 billion manats, Azerbaijani President Ilham Aliyev said in his address on …
Azerbaijan to allocate $2.3 bln for restoration of Karabakh
At today's meeting of Azerbaijan's Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship the draft Law of Azerbaijan "On the State Budget of Azerbaijan for 2024" has been submitted for discussion. …
Azerbaijani parliament approves 2020 state budget
The Azerbaijani parliament approved the bill 'On state budget of the Republic of Azerbaijan for 2020' today at the last reading. The revenues and expenses of the consolidated budget for 2020, as in the submitted bill, are …
Mikail Jabbarov: growth in Azerbaijan’s non-oil sector expected
In 2020, along with the oil and gas industry, significant growth of the non-oil sector is also expected in Azerbaijan, the country's Economy Minister Mikail Jabbarov said at the discussion of Azerbaijan’s state budget …
Azerbaijan's Finance Ministry to protect manat rate
The Azerbaijani authorities don't rule out that depreciation of currencies of the neighboring countries and trade partners of Azerbaijan increases impact on manat rate, Azerbaijani Finance Minister Samir Sharifov …
Azerbaijani parliament adopts state budget for 2017
The Azerbaijani parliament (Milli Majlis) adopted the draft state budget for 2017 during its plenary session on December 16. According to the document, revenues of the state budget are forecasted at the level of 16.255 billion …
Azerbaijan Finance Ministry to increase subsistence minimum next year
Azerbaijan will increase minimum of subsistence 14% or 19 manat in 2017, the country's Finance Minister Samir Sharifov said at the discussion of 2017 state budget at the joint meeting of the parliament’s Standing …
Azerbaijani parliament changes state budget for 2016
The Azerbaijani parliament (Milli Majlis) has approved amendments to the state budget for 2016. For example, the income level has been set at 16.822 billion manats, which is 15.5% more than in the previously approved forecasts. The …
Azerbaijani business will receive additional support
Finance Minister Samir Sharifov said today that additional measures are to be taken in order to support small and medium-sized businesses in the country. The measures will be implemented by the National Entrepreneurship Support Fund under …
Azerbaijan's budget for 2016 may be revised
In Azerbaijan the adopted state budget for 2016 may be revised due to low energy carriers' prices and devaluation of the manat, the Chairman of Parliamentary Committee on Economic Policy, Enterprise and Industry Ziad …
Ilham Aliyev approves budget for 2016
Azerbaijani President Ilham Aliyev has signed the law "About the State Budget for 2016". Thus, the state budget revenues for next year are expected in the amount of 14.566 billion manats (including centralized …
Bill on 2016 Azerbaijani state budget published
The draft law on 2016 state budget has been published and introduced into the Azerbaijani Parliament. The document requires obtain of 14.566 billion manats of revenues and 16.26 billion manats of expenditures. The budget deficit at the …
Draft 2016 Azerbaijani state budget to be introduced to Parliament
Today’s meeting in Baku, chaired by Azerbaijani President Ilham Aliyev, has discussed the draft state budget for 2016. The President delivered speech at the meeting, abc.az reports. Following the meeting …