12:14 - 7.06.2022

---

June 7, Fineko/abc.az. "The increase in budget opportunities allows us allocating more social-purposeful financing," ABC.AZ quotes MP Vugar Bayramov.

The MP stressed that at the next meeting of the Economic Council, organized by the Cabinet Ministers in connection with the amendments to the State Budget 2022 in accord with President’s relevant instructions, the sectoral bodies have been tasked to prepare the amendments to this year's budget:

"After receiving the proposals of these bodies, the draft amending document will be submitted to the president for consideration. In compliance with the Law on the Budget System, the draft will be submitted to the Parliament for discussion. In recent days, questions have been increasingly asked about which areas funds will be directed to after the changes, as well as how they will affect wages. Despite the fact that State Budget 2022 includes the cost of 1 barrel of oil at $50, in the last months of this year the average price was more than $100 per barrel. This made it possible to attract more funds to the State Budget from both the oil & non-oil sectors.”