Bank Of Baku

Azerbaijan’s budget deficit to soar by 2.4 times this year

Azerbaijan’s budget deficit to soar by 2.4 times this year
# 06 October 2010 12:28 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s state budget deficit for 2010 is planned to be AZN 425.9 mln, Ministry of Finance told APA.

Ministry says AZN 55 mln or 13% of deficit is planned to be financed by means from privatization of state property, AZN 230.9 mln or 54.2% by domestic and foreign debt, AZN 140 mln or 32.8% by extra-budgetary incomes of budget organizations.
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