Deficit of Azerbaijan's state budget was 55.4 % less than predicted in 2022

Deficit of Azerbaijan
# 24 May 2023 11:41 (UTC +04:00)

The deficit of the 2022 state budget of Azerbaiajn has been unveiled, APA reports.

It was included in the annual report "On the implementation of the 2022 state budget of the Republic of Azerbaijan" discussed at today's meeting of the Economic Policy, Industries and Enterprising Committee of the Milli Majlis.

According to the reports, although the upper limit of the 2022 state budget deficit was approved in the amount of AZN 3106.0 mln, the actual deficit was AZN 1385.0 mln (AZN 1721.0 mln or 55.4 % less than the forecast). The deficit of the state budget is 1.0 % of the actual GDP in 2022, which is 2.8 percentage points less than the projected limit.