Azerbaijan increases defense, national security spending
Azerbaijan spent 17.5 percent or over 5.62 billion manats ($3.3 billion) of the state budget on defense and national security in 2022.
The data finds itself in the annual report on the implementation of the Azerbaijani state budget for 2022, discussed on May 24 at the meeting of the parliamentary economic policy, industry and entrepreneurship committee, News.Az reports.
Compared to 2021, the figures were 737 million manats ($433.5 million) or 15.1 percent less.
In addition, according to the draft law "On the execution of the state budget of the Republic of Azerbaijan for 2022", Azerbaijan spent 457.1 million manats (nearly $269 million) to finance special defense projects from the reserve fund of the President of the Republic of Azerbaijan in 2022.
The draft notes that in 2022, 517.9 million manats ($304.7 million) were used from the reserve fund of the President of the Republic of Azerbaijan, of which 486.7 million manats ($286.3 million) or 94 percent were allocated to finance capital expenditures, and 31.2 million manats ($18.3 million) or 6 percent were allocated for current expenses.