Government approves draft state and consolidated budgets for 2020

Prime Minister Novruz Mammadov signed a decision on the draft state and consolidated budget of Azerbaijan for 2020, the indicators of the consolidated budget for the next three years, the concept of economic and social development of Azerbaijan for 2020 and the next three years.

Report informs that the decision was made in order to provide execution of the President’s decree No 809 dated October 31, 2002 on application of Law on Budget system.

According to the decision, the approved documents included the draft state and consolidated budget of Azerbaijan for 2020, the indicators of the consolidated budget for the next three years, the concept of economic and social development of Azerbaijan for 2020 and the next three years.

Upon the decision, these documents, together with other documents provided in Article No 12 of the Law of Budget System, will be submitted to the President of Azerbaijan.