Finance

Finance

Amendments in state budget of Azerbaijan discussed in Milli Majlis - UPDATED

Amendments in state budget of Azerbaijan discussed in Milli Majlis - <font color=red>UPDATED</font>

26 May 2012 09:40 (UTC +04:00)

According to APA-ECONOMICS, by the increase of incomes and expenditures of state budget by AZN 600 mln, the income will make AZN 17,038 mln, expenditures â€“ AZN 17.672 mln.

AZN 300 mln of increase will be directed to elimination of damages in Zagatala, Gakh, Balaken and Shaki Regions as a result of earthquake, large-scale calamity in Sabirabad and Salyan Regions by Kur and Araz Rivers in 2010, damages of rain, flood and etc. in Saatli, Imishli, Neftchala, Hajigabul, Shirvan, Zardab, Kurdamir, Salyan, Sabirabad, Shamakhi, to purchase special machines and equipments to prevent assumed natural calamity and emergency cases in the country, to establishment of additional financial providence to take measures in landslide zones of Baku.

Besides, AZN 200 mln will be directed to repayment of deposits to reserve fund which allocated for repayment of Soviet deposits. At the same time, AZN 95 mln will be directed to development of infrastructure of Baku and Regions, AZN 45 mln â€“ to strengthening of security ad military building.

AS it seems, the considered expenditures make AZN 640 mln.

Minister of Finance Samir Sharifov noted that, increase of budget expenditure will not affect the inflation.

At the end of the discussions, amendments and annexes in the state budget have been recommended to plenary meeting of the parliament.