Azerbaijan announces new draft state budget

The Azerbaijan Government submitted the draft state budget for 2022 to parliament on 27 October, which included an estimated revenue of 26.82 billion Azerbaijani manats ($15.8bn), an increase of 5.4 percent compared to 2021. Meanwhile, state budget expenditures are planned to reach 29.8 billion manats ($17.5bn), a 4.7 percent rise compared to this year

The proposed budget also includes 1.2 billion manats ($705 million) for the reconstruction of territories that returned to Azerbaijani control in last year’s 44-day war as well as 9 million manats ($5m) compensation for damages suffered by its citizens during last year’s war.

It was also announced that the defence and security budget is expected to reach 4.4 billion manats ($2.6bn).

source: commonspace.eu and agencies

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