"Real GDP growth is projected at 2.4 per cent, including a 3.3-per cent increase in the non-oil sector", Novruz Mammadov said.
According to the forecasts, state budget revenues in 2020 will amount to 29.1 per cent of GDP, expenditures to 30.9 per cent, and deficit to 1.4 per cent.
Mammadov also noted that the revenues of the consolidated state budget for the next year are projected at 27.6 billion manats, while expenses are projected at 28.2 billion manats.
As previously reported, next year's state budget revenues are projected at $24.484 billion, which is 5.7 per cent or 1.316 billion manats higher than the figures for the current year. State budget expenditures in 2020 are projected at 25.617 billion manats, which is 427.7 million manats more than in 2019.
More about: GDP Azerbaijan
