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They discussed the contributions of these systems, which obtain information from various state bodies, including the unified accounting system for the Ministry of Finance and Treasury. The Azerbaijani delegation also met with Metin Yenir, President of the Court of Accounts of Türkiye.

The forum will be organized by the Ministry of Finance of the autonomous republic.

The Ministry of Finance estimates that the new tax will generate additional budget revenue of 113 million euros (119 million U.S. dollars) in 2025 and 751 million euros in 2026.

Earlier, the country's Ministry of Finance reported that the World Bank approved additional funding of $664 million for social sector development.

Azerbaijan and Türkiye discussed financial cooperation, Report informs, citing Azerbaijan’s Ministry of Finance. Minister Samir Sharifov held a meeting with Türkiye's ambassador to Azerbaijan, Cahit Bagci.

of Finance.

The country’s Ministry of Internal Affairs will see a 15% increase in its budget, amounting to 105 billion drams ($270 million), and the Ministry of Finance’s budget will grow by 13% to 399.4 billion drams ($1.029 billion).

Report informs, citing the Ministry of Finance, that the sides also touched upon collaborative efforts within international financial institutions. Both sides underscored the significance of hosting COP29 in Baku, emphasizing the event's importance in addressing global climate change issues.

Azerbaijan's state debt as of October 1 of this year amounted to 26.201 billion manats ($15.412 billion), or 21.6% of GDP projected for 2024, Report informs referring to the Ministry of Finance. Compared to the same period last year, Azerbaijan's state debt increased by 52.3%.

In this context, Orkhan Nazarli, Head of the state service and President of the Intra-European Organization of Tax Administrations (IOTA), held a video conference with Edita Janušienė, the head of the State Tax Inspectorate under the Ministry of Finance of Lithuania.