Azerbaijan to spend over AZN 5.5 bn on socio-economic growth strategy in 2024

15:55 - 3.11.2023


November 3, Fineko/abc.az. The State Budget is to allocate AZN 5.509 bn ($3.23 bn) for Socio-Economic Growth Strategy 2022-26, the Accounts Chamber on the Bill on State Budget 2024.

According to the document, AZN 4 bn ($2.35 bn), or 72.6%, of those finances will be spent on reconstruction and restoration of the liberated territories, AZN 1.1 bn ($640 million), or 20%, on investment costs, AZN 409.1 million ($240.46 million), or 7.4%, will be current expenditure.

In 2022, AZN 2.418 bn were allocated in Azerbaijan for the Socio-Economic Growth Strategy 2022-26.