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Finance Minister: Spending to grow in many spheres next year

07.11.2019,13:07


November 7, Fineko/abc.az. The State Budget expected transfers in the total amount of AZN 4 bn from customs authorities in 2020. Expenditures will also rise in many spheres next year.

The statement was made by Finance Minister Samir Sharifov on 7 November during the Milli Majlis’ discussion on the Bill on State Budget 2020.

The minister stressed that State Budget 2020 envisages a new stage of compulsory health insurance. Next year, compared to this year, more financing will be allocated to science, education, culture, law enforcement, youth policy and other spheres. The draft budget envisages an increase in the criterion of need and the subsistence minimum for improvement of social security for low-income segments of the population.