Web Desk February 5, 2021

Despite the unfavorable environment and difficulties, the implementation of the state and consolidated budgets in 2020 was characterized by positive dynamics, APA reports that it was stated at the board meeting of the Ministry of Finance.

 

Thus, according to operative data, in 2020, the consolidated budget revenues amounted to 24 billion 463 million manat, and expenditures – 29 billion 160 million manats. The deficit of 4 billion 698 million manats in the consolidated budget was 3 billion 248 million manat or 40.9 percent less than the projected deficit of 7 billion 945 million manats.

 

In 2020, the state budget revenues were executed by 24 billion 679 million manats or 102.3 percent, and expenditures by 26 billion 416 million manats or 96.1 percent. The state budget deficit amounted to 1 billion 737 million manats, which is 1 billion 631 million manats or 48.4 percent less than the projected deficit of 3 billion 368 million manats.

 

Source: Azeri-Press News Agency

Leave a comment.