11:20 - 13.09.2024

---

September 13, Fineko/abc.az. Gaps in the State Budget of Azerbaijan, relating to planning, create the possibility of additional expenses (for example, interest expenses).

ABC.AZ reports that this is reflected in the information distributed by the Accounts Chamber on the analysis of budget parameters.

According to the document, this year budget revenues (for most administrative bodies) were also fulfilled with a significant excess of the forecast. Exceeding projected revenues, along with positive aspects, entails a number of financial planning risks.

Thus, complete disregard of the potential at the initial approval leads to the fact that the expenses that will be financed from these sources of income remain at the end of the year, creating the need to revise the budget during the year. Gaps in planning create the possibility of additional costs (in the example of interest expenses).

In addition, the financial demand that arose during the year with changes in the budget execution process in the reporting year was not satisfied, and it became necessary to revise it.