TODAY.AZ / Business

Subsidies for energy system make up 9% of national budget in Azerbaijan

19 January 2007 [00:47] - TODAY.AZ
Azerbaijan allocated subsidies worth US $ 1.5bn to energy system of the country during the past five years.

Azerenergy official Hikmat Hasanov said APA that the share of government subsidies constitute some 8% to 9% of the budget expenditures.

He added that 92% of the expenses of power plants were spent on fuel.


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