According to Ministry of Finance, the revenues are forecasted to be approved at AZN 15.955 billion, expenditures at AZN 16.6 billion (including centralized revenues at AZN 15,312,619,000, local revenues at AZN 642.381 million, centralized expenditures at AZN 15,881,730,000 and local expenditures at AZN 718.270 million).
So, the budget deficit is forecasted to be AZN 645 million.
The state budget deficit will be compensated by privatization, receipts from internal and external borrowing, external grants and residual funds in the treasury single account.
2017 state budget/GDP ratio will be 1%.
Azerbaijan announces forecasts on 2017 budget revenues and expenditures
29 September 2016
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State budget revenues and expenses for 2017 have been announced.
