2:06 am - Monday July 16, 2018

Azerbaijan increases defence spending by 38%

training 300x224 Azerbaijan increases defence spending by 38%

During first quarter, state budget income was fulfilled by AZN 3,487.8 mln or 98.5%, up 26% or AZN 719.4 mln. According to APA, the forecast was fulfilled by Ministry of Taxes by 112.7% and the Ministry transferred AZN 1,390.5 mln, up 229.6 mln or 19.8% from year earlier.

State Customs Committee fulfilled the forecast by 100.3% and transferred AZN 251.7 mln, up 4.6% or AZN 11.1 mln from previous year.

State Oil Fund transferred AZN 1,839.8 mln.

The expenditures to Industry, construction and minerals made AZN 80.1% (AZN 437.6 mln), to Economic activity – 58.3% (AZN 16.1 mln). Defence spending made AZN 152.2 mln (37.3%). Expenditures for Judicial Power, law-enforcement agencies and prosecutor’s office made AZN 38.2 mln (29%), social protection and social security – AZN 152.2 mln (37.3%) and Health expenditures – AZN 9 mln (12.3%).

APA

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