Azerbaijan parliament approves 2009 state budget

Azerbaijan parliament approves 2009 state budget
# 25 November 2008 10:06 (UTC +04:00)
Ogtay Asadov, Speaker of Milli Majlis, said the country’s rapid economic growth has manifested itself in the state budget.
According to him, 730 000 new jobs, including 530 permanent jobs have been created over the past 5 years.
Samir Sharifov, Minister of Finance, briefed about the readjustments made to the draft budget on the basis of suggestions.
He added that some proposals were not taken into account because they were impractical.
According to him, the government has kept in hand maneuver levers under the draft budget against the backdrop of the global financial crisis.
Milli Majlis also voted for other bills related to the state budget.
Under the budget outlook, revenues are projected to rise 16.1% to AZN 12.177 billion (27.9% of GDP) and expenditures are expected to increase 11.7% to AZN 12.355 billion (28.3% of GDP).
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THE OPERATION IS BEING PERFORMED