Azerbaijan passes a bill on fulfiment of State Budget 2023

11:47 - 14.06.2024

June 14, Fineko/ Milli Majlis has adopted in the 3rd reading the Draft Law on the Execution of the State Budget of the Republic of Azerbaijan for 2023.

ABC.AZ reports that Tahir Mirkishili, the chairman of the Committee on Economic Policy, Industry & Entrepreneurship, has  presented the details of the bill.

Then the parliamentarians delivered speech on the document. After discussion, the draft was put to the vote and approved in the 3rd reading.

According to the document, the revenues of State Budget 2023 amounted to 35.574 bn manats (an increase of 16% compared with 2022), and the revenue plan was met by 105%.

State Budget expenditures in 2023 totaled 36.458 bn manats (a rise of 13.7%), and the forecast was fulfilled by 99.5%.

State Budget deficit for 2023 reached 883.7 million manats, or 0.7% of GDP.