(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 5 . The amount of
subsidies for Azerbaijan's Nakhchivan Autonomous Republic from the
state budget has been revised, Finance Minister Samir Sharifov said
on December 5 during a discussion of the state budget for 2023 at a
meeting of the Parliament's Committee on Economic Policy, Industry
and Entrepreneurship, trend reports.
According to Sharifov, the document in the third reading
envisages an increase in subsidies allocated to the Nakhchivan
Autonomous Republic from the state budget by 1.7 million manat ($1
million) compared to the draft state budget in the second
reading.
The draft state budget for 2023 envisages a reduction in
subsidies for the budget of the Nakhchivan Autonomous Republic by
31.1 million manat ($18.3 million), and an increase in own budget
revenues of the republic by 20 million manat ($11.7 million) next
year.
Sharifov noted that the upper limit of subsidies allocated to
Nakhchivan from the budget has been determined.
According to the minister, this concept was included in the
budget for the first time.
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