Amendments to budget 2024 adopted

12:27 - 25.06.2024

June 25, Fineko/ Milli Majlis has passed in final reading a bill on amendments to the Law on State Budget 2024.

ABC.AZ reports that the document was presented by Tahir Mirkishili, the chairman of the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship.

Finance Minister Samir Sharifov also took part in the meeting.

The changes envisage new expenditures in the amount of 3.796 bn manats.

Of them, 1.16 bn manats are intended for a number of priority areas, including construction and restoration work in the territories liberated from occupation and 807 million manats for further improving the country's defense capability and security.

It is planned to allocate 1.184 bn manats for financial support of infrastructure and other projects, 499 million manats for financing international activities and other expenses, as well as 146 million manats for necessary capital expenditures, repairs, etc.

The State Budget 2024 expenditures, after revision, are projected at 39.707 bn manats, and revenues – 36.353 bn manats. The deficit in 2024 will increase by 764 million manats and reach 3.354 bn manats.