Subsidies to Nakhchivan increased

17:12 - 30.05.2023

May 30, Fineko/abc.az. It is planned to increase Nakhchivan Autonomous Republic's own budget revenues by AZN 19.9 million and to ensure the financing of some state bodies (AZN 9.9 million) at the expense of State Budget centralized expenditures.

For these reasons, State Budget subsidies allocated to the NAR budget are reduced by AZN 29.8 million or 6.2%, ABC.AZ reports with reference to the Ministry of Finance. With this in mind, the revenues and expenditures of the Nakhchivan budget will amount to AZN 604.8 million with decrease of AZN 9.8 million or 1.6% relative to the approved figure.

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