Azerbaijani Parliament ratifies draft state budget for 2023

The Azerbaijani Parliament has adopted the bill on the State Budget for 2023 in the third reading, Report informs.

According to the bill, the budget revenues are predicted at 30,773,978,000 manats (approximately $18.1 billion) and expenditures at 33,353,278,000 manats (approximately $19.62 billion).

The upper limits of Azerbaijan's internal public borrowing for 2023 will be 1,300,000,000 manats ($0.76 billion), and the external public borrowing - 750 million manats ($441.18 million).

The upper limit of the deficit is expected to be 2,579,300,000 manats (approximately $1.52 billion).