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Azerbaijan increases defence spending by 38%

Azerbaijan increases defence spending by 38%

24 May 2012 12:14 (UTC +04:00)

State Customs Committee fulfilled the forecast by 100.3% and transferred AZN 251.7 mln, up 4.6% or AZN 11.1 mln from previous year.

State Oil Fund transferred AZN 1,839.8 mln. 1

The expenditures to Industry, construction and minerals made AZN 80.1% (AZN 437.6 mln), to Economic activity â€“ 58.3% (AZN 16.1 mln). Defence spending made AZN 152.2 mln (37.3%). Expenditures for Judicial Power, law-enforcement agencies and prosecutorâ€™s office made AZN 38.2 mln (29%), social protection and social security â€“ AZN 152.2 mln (37.3%) and Health expenditures â€“ AZN 9 mln (12.3%).

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