"The execution of budget expenditures in the first quarter of the year was 99%, while it is usually not so high," Finance Minister Samir Sharifov said at a meeting chaired by President Ilham Aliyev on the outcomes of the first quarter of this year, Report informs.
"The state budget surplus amounted to 1.38 billion manats because of an excess in the budget revenues provided by fiscal authorities and the under-collection of 423 million manats from the State Oil Fund. This is a very good indicator. As I mentioned, state budget expenditures for this period were executed at the level of 5,630 million manats, or 99%. The main state responsibilities, financial assistance from the state budget, and other programs have been fully funded, and budget requests submitted by state budget organizations to the treasury have been fully implemented." he added.