Azerbaijan increases subsidy for heat supply by 75%

Baku. 26 December. REPORT.AZ/ 33 mln AZN financial aid will be allocated to the “Azəristiliktəchizat” OJSC from Azerbaijan's state budget for 2018.

Report informs citing the decree of the President of Azerbaijan on a number of issues related to the application of the law "On the 2018 State Budget of the Republic of Azerbaijan".

Notably, 18.896 mln AZN has been allocated to the “Azəristiliktəchizat" OJSC in 2017. Namely, it is envisaged to sharply increase (about 75%) the aid from the next year's state budget to the company.

Also, 29.4 mln AZN considered for “Azərsu” OJSC in state budget for 2018, 7.4 mln AZN of which allocated for subsidy, while 22 mln AZN for regulation of debt liabilities through increasing its authorized capital.