According to him, compared to 2003, the budget revenues increased by 13.5-fold to AZN 16.5 billion in 2017, expenditures - by 14.2-fold to AZN 17.5 billion.
‘Ratio of budget deficit to GDP made up 0.6%, state budget was fulfilled with surplus in 2004, 2006, 2011 and 2013. Compared to 2003 the expenditures for social protection and social security of the population increased by 11-fold In 2017, expenditures for economic development – by 18.2-fold’, Budagov said.
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