Azerbaijan plans to raise 2008 state budget by over 40%

He said the draft law will be considered on May 2. The document envisions the state forecasts of budget revenues at USD 12,700,000,000 and expenditure at $13,000,000,000.

Oruj noted that alterations to the state budget envision raising expenses on social, economic and military spheres. The session participants will also hear a report on the state budget execution for 2007.

It should be added that state budget revenues for 2008 were confirmed in the amount of AZN 7,383 billion ($8,895 billion) and expenses AZN 8.509 billion ($10.252 billion), budget deficit at AZN 1.126 billion. In case alterations are confirmed, the revenues will rise by 43% and expenses by 26%.

It should be noted that revenues of the 2008 consolidated budget at predicted to be AZN 10.508 billion ($12.270 billion), expenses AZN 10.184 billion ($12.270 billion).

/APA/