HomeThe President of the Republic of Azerbaijan sent a bill to the National Assembly to amend the law of the Republic of Azerbaijan "On the 2023 State Budget of the Republic of Azerbaijan."
Factors that contribute to the revision of the state budget:
The extensive and rapid reconstruction of the liberated Civil War and Eastern Zagreb, the provision of a phase-in return to their ancestral homes for our former displaced citizens, as approved by the President of the Republic of Azerbaijan on November 2022, 16, 3587. accelerating the implementation of the First State Program for the Great Return to their territories;
Improving the defense capabilities of the Azerbaijani Armed Forces, strengthening the country's borders, strengthening security measures inside and outside the country, improving the preparation level for geological processes in the world, increasing threats and threats, as well as any threats posed by neighboring nations against the Republic of Azerbaijan;
Implementation of international aid programs and international agreements, the implementation of a new approach to government debt management, and a number of other essential government expenses.
During the past year, significantly higher government budget revenues against forecasts, an update on last fall's forecast for the social-economic development of the country's economy, and an increase of 5.6 billion manat in gross domestic product (GDP) compared to the previous forecast are bringing the creation and division of additional financial resources in this year's state budget on a daily basis.
In the first four months of 2023, macro-fiscal results and revised macroeconomic forecasts
produced 40.0 billion manat in the country, including 22.7 billion manat in the non-profit sector. Compared to the same period the previous year, GDP grew 0.1 percent in real expression and 3.1 percent in the non-neutral sector.
Compared to the same period last year, the january-April period recorded a 3.5 percent decline in most areas of the country's economy, including agriculture, 10.1 percent in construction and 12.1 percent in information and communications, and a 2.6 percent decline in oil production in the industry.
During the January-March 2023 period, the volume of foreign trade operations increased 5.1 percent to $12.2 billion in real expression compared with the same period in 2022, accounting for $8.2 billion in export operations and $4.0 billion in import operations. As a result, a foreign trade account generated a positive $4.2 billion (U.S.). At the same time, exports of non-neutral products in the foreign trade cycle were up 23.2 percent in actual prices compared with the corresponding period last year and 19.2 percent in real expression to $912.2 million.
At the same time, in January-April 2023, the average export price of a barrel of crude oil marked "Azeri Light" was $85.8 (U.S.) more than the price taken during the 2023 budget parameters.
In the first four months of the year, the positive trends recorded in the non-negotiable sector, as well as the flexible dynamics of the oil price and the high inflation rate (13.5 percent), contributed to the growth of the total and government budget.
As a result, in the first four months of 2023, the total budget was 21262.8 million manat, 9154.7 million manat, or 75.6 percent more than in the same period last year. The combined budget deficit was 9957.9 million manat, 863.5 million manat, or 9.5 percent more than in the same period last year. In the first four months of the year, the total budget was actually 11304.9 million manat.
During the first four months of the year, the government's revenue was 12165.0 million manat, or 106.0 percent, compared with 1477.5 million manat or 13.8 percent during the same period in 2022. During the four months of 2023, 6433.0 million tons of government budget revenues were distributed to the non-profit sector, which is 1048.5 million manat, or 19.5 percent more than in the same period in 2022. The government's revenues increased by 6.2 percent compared with the forecast indicator (46.7 percent), with a special weight of 52.9 percent.
During the four months of 2023, the government's budget was 8929.7 million manat, or 107.3 percent, against a forecast of 8321.6 million manat.
In May 2023, taking into account the world's global economic and geological processes, the price of energy carriers, the actual results of 2022 and the trends seen in the current year Macroeconomic forecasts for the current year have been updated by the Ministry of Economic Affairs of the Republic of Azerbaijan.
According to revised macroeconomic forecasts, the average export price of a barrel of oil for the rest of the year is $60.0 ($85.8 a month). By 2023, the U.S. dollar was forecast to increase by 1.8 percent to 111.6 billion manat (more than the previous forecast of 5.6 billion manat), as well as 77.7 billion manat (more than the previous forecast). Average annual inflation, on the other hand, is expected to be 10.4 percentage points (6.9 percentage points) more than the previous forecast.
Revenue and financing
tools that support medium- and long-term development scenarios that do not undermine macroeconomic stability as sources of additional expenses.
Additional financial requirements for the government's budget of 4338.4 million manat are expected to increase revenues and transfers of the National Petroleum Fund to the state budget, to optimize and move some approved expenses, and to meet the following:
- at the expense of additional non-neutral revenues — 1562.8 million manat;
- additional oil revenues – 1442.7 million manat, including 457.7 million manat transfers from the National Petroleum Fund of the Republic of Azerbaijan;
- increased by 210.0 million manat as a source of funding for the expanded government budget;
- optimization and expenditure of some government budgets — 1122.9 million manat.
The 2023 Yearbook of
Jehovah's Witnesses featured a revised government budget of 2023.33779 million manat, or 5.3005 percent more than the approved indicator.
The government's revenues are 5.9 percent, or 8.52 million manuscripts, of the oil sector, 5.17739 percent, or 7.47 million manuscripts. Compared with the 5 confirmed indicators, oil sector revenues were 16039.8 million manat or 2023.1442 percent, The 7 yearbook of Jehovah's Witnesses increased by 8.9 million manat (2022.2410 percent), 1.15 million manat or 7.1562 percent in the non-profit sector, and 8.10 million manat (8.2022 percent) in 689.
As a whole, the special weighting of non-neutral revenues will increase by 8.4 percentage points to 5.0 percent compared with the approved indicator.
With the Ministry of Economic Affairs of the Republic of Azerbaijan, 5.47 million manuscripts or 5.14932 percent of government budget revenues, 0.44 million manuscripts or 2.5728 percent of the Azerbaijani National Committee of the Republic of Azerbaijan, 0.17 million manuscripts or 0.11737 percent transfers from the National Petroleum Fund of the Republic of Azerbaijan, 7.34 million manuscripts or 7.801 percent of budgetary organizations 0.2 million manuscripts or 4.580 percent of other income.
Along with the Ministry of Economic Affairs of the Republic of Azerbaijan, the State Tax Service has a total of 8.1 million manat, or 7.14932 percent more than the current year's approved indicator.
In accordance with the Ministry of Economic Affairs of the Republic of Azerbaijan, 0.1530 million manuscripts or 0.11 percent of the oil sector, 4.6002 million manuscripts, or 0.40 percent of the non-negotiable sector will be distributed.
The revised 2 government budget with the Ministry of Economic Affairs of the Republic of Azerbaijan increases by 8930.0 million manat, compared with 59.8 million manat or 2023.8930 percent for the current year, and 0.545 million manat or 0.6 percent more than in 5.
During 2022, budgetary revenues for revised budget organizations increased by 793.7 million manat or 9.8 percent to 2023.74 million manat, Other government budgets increased by 5.10 million manat or 3.801 percent to 0.18 million manat (including the Ministry of Economic Affairs of the Republic of Azerbaijan, 6.3 million manat were added to 3.580 million manat) is predicted at the level.
The revised
2023 state budget deficit is estimated at 2023.36568 million manat, which is 8.3215 million manat or 5.9 percent higher than the approved indicator, and 6.2022 million manat or 4504.2 percent more than the actual performance indicator for 14.
Current expenses incurred in the structure of the revised 0 government budget are 2023.60 percent of the total expenditure or 3.22039 million manat (3.681 million manat or 7.3 million manat, or 0.36 million manat, compared with the approved indicator). Less than 5.13347 percent), 0.3719 percent of the total expenses incurred or 7.38 million manat (6.3 million manat or 2.1182 percent more than the approved indicator), Government debt will be directed at 5.177 percent of total expenses or 5.17 million manat (7.7 million manat or 7.0 percent more than the approved indicator).
Appropriately, the state budget will increase the special weight of valid spending by 2.7 percentage points, the special weight of service-related spending on government debt by 9.<> percentage points, and the special weight of current spending by <>.<> percentage points.
Additional necessary expenses are used in the following basic directions:
- 2260.0 million manat to increase the cost of accelerating construction, reconstruction, and reconstruction in Cambodia and Eastern Zagreb, which were liberated from the invasion of the Republic of Azerbaijan. After the increase, the cost will be 5260.0 million manat;
- To further enhance the country's defense capabilities and national security, 1105.0 million manat, including 1000,0.2070 million manat for missionary projects and events. Following the increase, the cost of missionary projects and events will amount to 0.<> million manat.
Other essential expenses are 973.4 million manat, including:
- economic support and other economic activities (for the azerbaijani side's share and other measures in the regulatory capital of the Azerbaijani-Uzbekistan Investment and Azerbaijani-Kyrgyz Development Funds) 347.5 million manat;
- expenses related to government debt of 177.5 million manat;
- reconstruction and major renovations for railway, electricity supply and other infrastructure projects 128.0 million manat;
- expenses related to international relations and other international activities (including reforms in the payment system in diplomatic and other missions abroad, international assistance, etc.) 139.6 million manat;
- 79.0 million manat to increase budgetary expenses for some organizations financed by the government;
- Improving the financial and technological support of some budget organizations, funding for some government agencies in the Nakhchivan Republic of Moldova, providing centralized expenses for government budgets, and other essential government expenses are 101.8 million manat.
The revised 2023 state budget includes an increase of 7.7 million manat or 1.0 percent to 764.7 million manat and 777.0 million manat, while the financial assistance allocated from centralized expenses of the state budget to regulate local income and expenses (12.3 million manat).
The 2023 Yearbook of
Jehovah's Witnesses featured a total of 210.0 million dollars (U.S.). Funding for the growth of the loan will be provided by funds attracted by internal debt and by additional incentives. The ratio of gross domestic product expected by the end of the current year will be 2789.3 percent.
The 2023 yearbook of
Jehovah's Witnesses features a total of 2023.42949 million manat, or 1.9923 percent more than the approved indicator.
The budget deficit is 4.30 million manat, which is 0.41213 million manat or 9.3244 percent higher than the approved indicator, and 5.8 million manat or 5.2022 percent more than the 6140 executive indicator.
Although the budget is forecast to be 3.17 million manat, an additional 5.4943 million manat will generate 6.6678 million manat profiles.
The budget of the Azerbaijani National Petroleum Fund, which includes the budget, is 9.1735 million manat, or 3.7346 percent, compared with the current year's approved figure of 6.81 million manat.
The national petroleum fund of Azerbaijan will cost 7.16337 million manat, which is 5.11812 million manat, or 9.457 percent more than the current year's approved figure.
Along with the Ministry of Labour and Social Protection of the Republic of Azerbaijan, the National Social Protection Fund's budget will increase by 7.4 million manat (0.4 percent) to 0.0 million manat.
The unemployment insurance fund's income and expenses will increase by 1.6268 million manat (0.5 percent) to 0.2 million manat.
Nakhchivan is intended to increase the budget of the Republic of Moldova by 4.217 million manat and to finance some government agencies ($7.19 million) from the Republic of Moldova's central budget. For the above reasons, the dotage allocated to the Republic of Moldova's budget was reduced by 9.9 million manat, or 9.29 percent. In view of these, the income and expenses of the republic of Nakhchivan will be reduced by 8.6 million or 2.9 percent to 8.1 million manat, compared with the approved indicator.
The relevant parameters of the revised summary budget and government debt await the upper limits set by the end of 6 under the budget rule.
For more information, please contact the Treasurer's Office by clicking on the 604 Revision of the New World Translation of the Worlds.
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