Azerbaijani Milli Majlis adopts draft law “On State Budget for 2020” in second reading

Azerbaijani Milli Majlis adopts draft law “On State Budget for 2020” in second reading
  • Clock-gray 13:31
  • calendar-gray 25 November 2019

The draft law “On the State Budget for 2020” has been adopted in the second reading at the next plenary session of Azerbaijan’s Milli Majlis, APA reports.

The forecasted amount of incomes of Azerbaijan’s state budget in 2020 is AZN 24 bln. 484 mln.

According to the data distributed by the Azerbaijani Ministry of Finance, this amount exceeds by AZN 1 bln. 316 mln. or 5.7% the budget indicator approved for 2019.

The budget expenditures for the next year have been envisaged in the amount of AZN 25 bln. 617 mln. and 700 thousand. And this amount exceeds by AZN 427.7 mln. or 1.7% the relevant approved indicator of 2019.

Besides, the incomes of the consolidated budget of Azerbaijan for 2020 are forecasted in the amount of AZN 27 bln. 605 mln. and 300 thousand, and its expenditures are forecasted in the amount of AZN 28 bln. and 192 mln..

After the discussions, the draft law “On the State Budget for 2020” was adopted in the second reading.

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