Forecast of proceeds from loans in Azerbaijan up nearly 4%

The Azerbaijani government expects proceeds from loans to foreign states to amount to 1.87 million manats ($1.099 million) next year, Report informs referring to the bill "On State Budget 2023."

According to the document, this is 3.9% more than the approved forecast for 2022.

Azerbaijan's 2023 state budget revenues will amount to 30.720 billion manats ($18.070 billion), and expenditures are expected at 33.3 billion manats ($19.560 billion). This is respectively 5.2% and 3.1% more than the forecast approved for 2022. Ultimately, the state budget deficit should amount to 2.579 billion manats ($1.514 billion). This is 16.95% less year-on-year.