Azerbaijani state budget-2011 to be increased by 8%

As a result of amendments to be made in budget, the expenses of Azerbaijan’s state budget for 2011 will increase by AZN 1 bn, Chief of Azerbaijan Parliament Economical Policy Commission Ziyad Samadzadeh said.

To him, the amendments will be especially directed to the social sphere: "Great part of the means will be directed to increase wages and pensions".

Note that, income of Azerbaijan’s state budget-2011 has been confirmed in amount of AZN 12.061 bn, expenses – AZN 12.748 bn. Amendments will be made in the budget within this month. The main change will be connected with increase of base price of oil in the budget from $60 per barrel to $80 per barrel. Part of outflow of state budget is forecast to increase by 7.8% as a result of the amendments.


/APA/