Milli Majlis speaker: Azerbaijan to increase investments in economy next year

13:00 - 21.11.2017


November 21, Fineko/abc.az. The Azerbaijani MPs start discussions on the State Budget for 2018.

In the course of the discussion Parliament’s speaker Ogtay Asadov has stated that the next year’s State Budget revenues, compared with country’s budget for 2017, will be increased by AZN 3.3 bn and expenditures by AZN 3 bn.

"Increasing of State Budget expenditures and revenues will enable to increase investments in the domestic economy, stimulate the agriculture sector, and strengthen the defense measures. The budget for 2018 is socially-oriented: 33.3% or AZN 7 bn of the budget expenditures will be directed for social measures that is by 2.2% more than in the current year," Asadov said.

 

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