Azerbaijan eyes increasing budget spending for strengthening armed forces

  10 November 2021    Read: 172
    Azerbaijan eyes increasing budget spending for strengthening armed forces

The state budget of Azerbaijan for 2022 envisages increasing funds for further strengthening of the country’s armed forces, Finance Minister Samir Sharifov said on Wednesday.

The minister made the statement during discussions on the bill "On state budget of Azerbaijan for 2022" at a meeting of the parliamentary Committee on Economic Policy, Industry and Entrepreneurship, AzVision.az reports.

He noted that expenses of the wage fund for military personnel serving in the territories liberated from Armenian occupation [in the 2020 second Karabakh war] were increased by 761 million manat ($447.6 million).

"For this purpose, it’s envisaged to allocate 15 percent of the 2022 state budget spending - 4.49 billion manat ($2.64 billion)," Sharifov added.


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