He made the remarks addressing the Azerbaijani parliament Feb. 23, during discussions there on the renewed draft 2016 state budget.
The state budget deficit is expected to reach 1.673 billion manats, according to the updated forecast.
As of Feb. 23, the official exchange rate is 1.5612 AZN/USD.
Gulmammadov also called for executing state budget more transparently and purposefully.
He also said the state budget revenues are planned to increase by 15.5 percent up to 16.8 billion manats.
Actual state budget deficit-2016 expected less than forecast
23 February 2016
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The actual deficit of Azerbaijan
