Azerbaijani Parliament's Economic Policy Committee discusses 2025 State Budget Draft

By Nazrin Abdul

A meeting of the Economic Policy, Industries and Enterprising Committee of the Milli Majlis (Parliament) of Azerbaijan was commenced.

The draft law "On the State Budget of the Republic of Azerbaijan for 2025" was discussed at the meeting.

Minister of Finance Samir Sharifov, Minister of Economy Mikayil Jabbarov, Chairman of the Accounting Chamber Vugar Gulmammadov, Chairman of the Central Bank Taleh Kazimov, Executive Director of the State Oil Fund Israfil Mammadov, and other officials participated in the discussion.

It should be noted that the projected revenues for the state budget of the Republic of Azerbaijan in 2025 are 38 billion 316 million manats, while the projected expenses amount to 41 billion 367 million 600 thousand manats. These include centralized revenues of 37 billion 520 million 952 thousand manats, local revenues of 795 million 48 thousand manats, centralized expenses of 40 billion 567 million 265 thousand manats, and local expenses predicted at 800 million 335 thousand manats.