Finance

Home page

Finance

Deputy Minister: â€œNo any danger is expected for fulfillment of Azerbaijanâ€™s next year budgetâ€

06 November 2012 11:28 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. No any danger is expected for fulfillment of Azerbaijanâ€™s next year budget and existence of State Oil Fund (as an â€œairbagâ€) plays an special role, said the Deputy Minister of Finance Azer Bayramov.

Explaining possibility of negative impact of any crisis or other large-scale cases next year, Bayramov noted that there was not any supposition about it. If any crisis or other large-scale cases occur, this will not influence state budget negatively. If the budget incomes reduce due to any case, budget cutting is possible. If such step is taken in Azerbaijan, this will not influence negatively because of major part of budget is related with state investment projects. These projects can be postponed.

Along with this, Azerbaijan will not need budget cutting. If any problem occurs with budget incomes, itâ€™s possible to eliminate problems and fulfill the budget by increase of SOFAZâ€™s transfers to the state budget.