Azerbaijani parliament adopts bill on execution of 2020 state budget in second reading

A bill on the execution of the 2020 state budget of Azerbaijan was discussed at a plenary meeting of the country’s parliament on Monday, reports.

According to the bill, state budget revenues amounted to 24.68 billion manat ($14.51 billion), and expenditures exceeded 26.4 billion manat ($15.5 billion).

Subsequently, the budget deficit amounted to 1.734 billion manat ($1.02 billion). At the beginning of 2021, the balance on the single treasury account stood at 1.526 billion manat ($897.6 million).

After discussions, the bill was put to a vote and adopted in the second reading.


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