Azerbaijan's state budget for 2025 has been increased by an additional 40 million manats (approximately $23.5 million), compared to the initial version, Azerbaijani Finance Minister Samir Sharifov stated during today’s plenary meeting of the Milli Majlis (Parliament), Report informs.
Sharifov stated that the budget revenues for the next year are projected to be 38.356 billion manats ($22.562 billion), which represents a 5.4% increase over the approved forecast for 2024. The expenditures are expected to rise to over 41.407 billion manats ($24.357 billion), marking a 4.2% increase.
"The increase is attributed to higher revenues from paid services of budget organizations, resulting in an additional 40 million manats in extrabudgetary expenditures," Sharifov explained.
Despite this increase, the budget deficit is anticipated to be over 3.051 billion manats ($1.795 billion), which is 9% less than the previous year.
Sharifov added, "If the proposed changes are accepted, the revenues and expenditures of both the state and consolidated budgets for 2025 will increase by 40 million manats. This will bring the state budget's revenues to 38.356 billion manats and expenditures to over 41.407 billion manats. The consolidated budget's revenues will amount to 43.95 billion manats ($25.853 billion) and expenditures to 47.629 billion manats ($28.017 billion)."