Budget expenditures are forecasted to be about AZN 26 bln. for next year in Azerbaijan

Budget expenditures are forecasted to be about AZN 26 bln. for next year in Azerbaijan
  • Clock-gray 17:23
  • calendar-gray 13 September 2019

State budget expenditures are forecasted to be AZN 25 617,7 mln. in Azerbaijan in 2020 and it is AZN 427,7 mln. more than approved indicator of 2019, the Ministry of Finance of Republic of Azerbaijan told APA-Economics.

Special amount of socially-oriented expenditures will make up 40.7% of the budget expenses and the indicator is 9.9% or AZN 2 664,2 mln more than 2019.

Amendments to the legislation in accordance with the relevant orders of the President of the Republic of Azerbaijan on increasing of minimum wage, several social allowances and pensions, salaries of the civil servants, employees of the law enforcement agencies, teachers, workers of budget organizations, as well as rising of minimum amount of retirement pensions created conditions for the increase of social expenditures.  
 
Expenditures for the payment of labor fee will be amounted to 6 723,4 million manats, pensions and social allowances (including transfers to SSPF 1 426,9) to 3 213,4 million manats, expenses regarding implementation of compulsory medical insurance 902,9 million manats, purchase of food and provision costs 414 million manats and socially oriented expenditures will be amounted 81,2 million manats in 2020. 

APA-Economics

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