Budget loans given to two organizations last year

07.06.2019,18:00


June 7, Fineko/abc.az. The conclusion of the Accounts Chamber of Azerbaijan made in connection with the execution of State Budget 2018 says that last year two state organizations were given budget loans in the amount of $86,823.5 and AZN 74,138.4.

The ACA conclusion says that these finances were received at the expense of the free balance of the single treasury account: "According to the Rules for transfer of balances (free balance) on the single treasury account during the budget year under management", given the fact that loans are not given from the free balance finances, the ACA considers that interest-free giving of budget loans does not meet the objectives covered by the Rules for the receipt of additional income to the State Budget from these funds.