(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 6. In order to fulfill
the tasks facing the country in accordance with the instructions of
President of Azerbaijan Ilham Aliyev, it became necessary to make
changes to the state budget for 2023, Azerbaijani Minister of
Finance Samir Sharifov told journalists on the sidelines of a
conference themed "Heydar Aliyev and the independent state building
of Azerbaijan: the history and present of socio-economic
transition," trend reports.
The minister noted that the President Ilham Aliyev outlined the
main directions.
"First of all, the program of financing projects provided for by
the 'Great Return' program is being implemented at a rapid pace. On
the other hand, there is also need for additional funds to
strengthen the country's defense capability. To do this, it is
planned to revise the budget," Sharifov said.
The state budget surplus in the first quarter of 2023 amounted
to 1.7 billion manat ($1 billion). At the same time, state budget
revenues amounted to 8.2 billion manat ($4.8 billion), while
expenditures reached 6.5 billion manat ($3.8 billion).
In addition, the state budget revenues from the non-oil sector
from January through March 2023 totaled 4.43 billion manat ($2.6
billion), or 53.4 percent of the total state budget revenue, while
for the oil sector - 3.8 billion manat ($2.2 billion).
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