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Meeting on discussion of state budget project 2011 held in Cabinet of Ministers

22 September 2010 14:48 (UTC +04:00)

According to Cabinet of Ministers, the projects of consolidated budget and state budget for 2011 and next three years, economic and social development conception of Azerbaijan for 2011 and next 3 years were discussed, forecast indicators for the same period were listened at the meeting.

During the developing of state budget project the development strategy of the state, increasing of defense potential and economic power of our country, strengthening of energy and food safety, support to entrepreneurship, financing of aimed state programs and other important problems have been taken into account. State budget income makes AZN 12 061 mln. Expenditure is forecasted AZN 12 748 mln.

Share of social spending in the budget is prognosticated with the growth compared with the current year. The expenditure for aimed programs, financing of events, science, education, health, culture, ecology, agriculture, social security, social protection and other spheres is planned to be increased. The consolidated budget income for the next year is forecasted to be AZN 15 557.6 mln and expenditure â€“ AZN 15 129.4 mln.

During the making of forecast of macro-economic indexations the forecasts of international organizations, bank and financial organizations have been analyzed.

At the end of the meeting, the Cabinet of Ministers decided to submit the state budget project to the president of the country.