Azerbaijan tops up state budget funds for Baku and Lachin

Azerbaijanchr("39")s state budget funds allocated for Baku and Lachin are being increased, Finance Minister Samir Sharifov said.

He made the remarks during a meeting of Azerbaijanchr("39")s Milli Majlis (Parliament) Committee on Economic Policy, Industry, and Entrepreneurship, which was debating the state budget for 2024.

The Minister stated that some modifications to Baku and Lachin district local expenditures are required in connection with the execution of minimum wage decisions issued in the current fiscal year.

"The increase of Bakuchr("39")s local expenditures by 2.3 million manat ($1.3 million) and Lachin districtchr("39")s local expenditures by 100,000 manat ($58,823) will be taken into account," Sharifov said in a statement.

Azerbaijanchr("39")s state budget will have 34.17 billion manat ($20.1 billion) in revenues and 36.76 billion manat ($21.6 billion) in expenditures (including nearly 33.4 billion manat ($19.6 billion) in centralized revenues; 773.1 million manat ($454.8 million) in local revenues; 35.98 billion manat ($21.2 billion) in centralized expenditures; and 782.45 million manat ($460.26 million) in local expenditures).