Bank Of Baku

Law on State Debt takes effect in Azerbaijan

Law on State Debt takes effect in Azerbaijan
# 07 August 2007 08:48 (UTC +04:00)
Within three months the Cabinet of Ministers has to submit to the president proposals on conformation of the legislative acts in force to the law and on responsibility for violation of the law.
Also, the Finance Ministry has to submit to the Cabinet of Minister the draft on the financing account, accounting and maintenance.
The president, Cabinet of Ministers, Finance and Justice Ministries and State Statistical Committee will act “the executive body” reflected in the law.
The central and local executive authorities have to account and register liabilities and state secured debts.
The decree takes effect August 7. /APA-Economics/
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THE OPERATION IS BEING PERFORMED