Bank Of Baku

Azerbaijan to allocate AZN 350 mln for elimination of results of natural disasters

Azerbaijan to allocate AZN 350 mln for elimination of results of natural disasters
# 24 May 2012 13:26 (UTC +04:00)
This information was included in the package of proposals of the state budget of the Republic of Azerbaijan for 2012.

AZN 350 mln of the fund will be directed to the elimination of the damages done to the population and social-economic infrastructure of Zagatala, Gakh, Balaken and Shaki regions as a result quake occurred in the north-west region of the country, removal of consequences of streams and overflows caused by above normal heavy rains in some regions and cities of the country, removal of consequences of the large-scale disaster caused by Kur and Araz rivers in Sabirabad and Salyan villages in 2010.

AZN 200 mln will be directed to the State Reserve Fund for funding of unplanned measures, AZN 95 mln will be directed for restoration and improvement of social and communal infrastructures of Baku city and the other regions of the country, AZN 1.9 mln – to the salary fund.

The expenses on extra-budgetary resources of some organizations financed by the state budget will be decreased by AZN 40 mln.
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