Bank Of Baku

Changes to the state budget 2019 approved

Changes to the state budget 2019 approved
# 24 July 2019 19:51 (UTC +04:00)

President Ilham Aliyev has approved the Law on an amendment to the Law “On the budget for 2019 of relevant executive power authority that implements social provision and security”, APA reports.

After the amendment, the revenues of relevant executive power organization are increased from 3 928 104 000 manats to 4 128 104 000 manats, while expenses are also increased from 3 928 104 000 to 4 128 104 000 manats.

Furthermore, expenses of the relevant executive power authority have been increased in line with payment to the population from 3 834 944 000 manats to 4 020 444 000 manats. Meanwhile, service fee expenses on the delivery of pension and benefits to the population and banking operations is increased from 22 500 000 manats to 23 000 000 manats.

President Ilham Aliyev has also approved the Law “On State Budget of the Republic of Azerbaijan for 2019”.

According to the amendment, defense expenses envisaged in 2019 state budget have been increased from 3.037.618.152 manats to 3.187.618.152 manats.

Meanwhile, upper limit of the expenses of the summary budget for 2019 has been increased from 27 155 796,1 thousand manats to 27 370 796,1 thousand manats.

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