Concept of expendable oil revenues removed from budget legislation

Expendable oil revenues in Azerbaijan - the amount formed by adding 20% of the difference between 30% of net financial assets at the beginning of the forecast budget year and oil revenues of the consolidated budget to the smallest of these indicators are deducted from the budget legislation.

According to Report, this issue is reflected in the proposed amendments to the Law on Budget System.

Commenting on the bill, the Chamber of Accounts stated that the removal of this concept from the legislation is due to changes in the regulation of the budget in a new form, in this regard, there are no comments or suggestions.