Milli Majlis adopted amendments to the state budget for 2023

At today's plenary session of the Milli Majlis, a draft amendment to the law "On the state budget of the Republic of Azerbaijan for 2023" was submitted for discussion in the third reading.

Report informs, the draft was presented by the Chairman of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship Tahir Mirkishili.

According to the adopted law, state budget revenues will increase by 3,116.5 million manats or 10.1% to 33,890.5 million manats against the previously approved 30,774 million manats.

State budget expenditures will increase by 3,271.5 million manats, or 9.8%, to 36,624.8 million manats against the approved 33,353.3 million manats.

The state budget deficit will amount to 2,734.3 million manats, which is 155 million manats or 6% more than the approved 2,579.3 million manats. The ratio of the deficit to the expected gross domestic product at the end of the current year will be 2.5%.

The revenues of the revised aggregate budget for 2023 are projected at 43,060.1 million manats, which is 10,034.4 million manats or 30.4% more than the approved figure. The total budget expenditures are projected at the level of 41,269.9 million manats, which is 3,300.5 million manats or 8.7% more than the approved figure. Although the total budget is projected with a deficit of 4,943.6 million manats, a surplus of 1,790.3 million manats will be created due to additional revenues in the amount of 6,733.9 million manats.

The document was put to the vote and adopted in the third reading.

source: report.az