Bank Of Baku

Azerbaijani state budget-2011 to be increased by 8%

Azerbaijani state budget-2011 to be increased by 8%
# 18 April 2011 08:43 (UTC +04:00)
To him, the amendments will be especially directed to social sphere: “Great part of the means will be directed to increase of wages and pensions”.

Note that, income of Azerbaijan’s state budget-2011 has been confirmed in amount of AZN 12.061 bn, expenses – AZN 12.748 bn. Amendments will be made in the budget within this month. The main change will be connected with increase of base price of oil in the budget from $60 per barrel to $80 per barrel. Part of outflow of state budget is forecasted to increase by 7.8% as a result of the amendments.
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