President Ilham Aliyev approved the Law “On the State Budget of the Azerbaijan Republic for 2023”, the official website of the head of state reports.
According to the law, the income of the state budget for next year approved at the level of 30 billion 773.978 million manats, expenses – 33 billion 353.278 million manat.
Thus, the budget deficit is approved at 2 billion 579.3 million manat, or 2.4% of GDP.
In the structure of income, transfer from the State Oil Fund to the State Budget will be at the level of 11 billion 280 million manat.
Azerbaijan GDP growth in 2023 is predicted at 2.7%, average annual inflation – 6.9%.
The text of the document can be found by the link.