(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 6. The
expenditures of the revised state budget of Azerbaijan for 2023 are
projected at 3.6 million manat ($2.1 million), which is 3.2 million
manat ($1.8 million), or 9.6 percent more compared to the
previously approved figure, trend reports.
According to the updated state budget for 2023, which
is being considered at today's meeting of the Milli Majlis
(Parliament), 60.3 percent of the total expenditures, or 22 billion
manat or $12.9 billion (681.7 million manat ($400.9 million) or 3
percent less compared to the previously approved figure) will be
allocated to the current expenditures of the state budget for
2023.
The funds are also allocated for capital expenditures
- 36.5 percent of total expenditures, or 13.3 billion manat or $7.8
billion (by 3.7 billion manat ($2.1 billion) or 38.6 percent more
in comparison with the approved figure), for general expenses and
expenses related to servicing the public debt - 3.2 percent of
total expenditures, or 1.1 billion manat or $6.4 million (by 177.5
million manat ($104.4 million), or 17.7 percent more than the
approved figure).
The additional necessary costs generally cover the
following main areas: 2.2 billion manat ($1.2 billion) to increase
expenses in connection with the acceleration of construction,
restoration and reconstruction work carried out in Azerbaijan's
Karabakh and Eastern Zangazur districts liberated [from Armenian
occupation after second Karabakh war].
These expenses will amount to 5.2 billion manat ($3
billion); 1.1 billion manat ($6.4 million) - for further improving
Azerbaijan's defense capability and national security, including 1
billion manat ($5.8 million) - for spending on projects and special
defense activities after the increase. Expenditures on projects and
activities for special defense purposes will amount to 2.7 billion
manat ($1.5 billion) after the increase.
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