With the revision, the revenues in the 2024 state budget are projected to be 36 billion 353 million manats, which is 2 billion 180 million manats, or 6.4 percent, more than the previously approved figure, Azernews reports.
The Ministry of Economy of Azerbaijan has announced significant progress in the reconstruction and economic revitalization efforts in the liberated Garabagh and Eastern Zangezur regions, Azernews reports.
Finance Minister Samir Sharifov highlighted the need for revisions to the state budget to accommodate various crucial initiatives, including the implementation of measures outlined in the "State Program for the Great Return," bolstering defense capabilities and national security, launching new infrastructure projects, and providing additional financial support for international activities and events, alongside essential capital acquisitions, Azernews reports.
The Economic Policy, Industries and Enterprising Committee of the Azerbaijan Milli Majlis convened on May 27 to deliberate on amendments to the Law "On the State Budget of the Republic of Azerbaijan for 2024," Azernews reports.
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