Finance Minister Hasan Ismailov: "Last year morethan 50% of budget expenditures were carried out with local revenues"

Speaking at the conclusion of 2024, Hasan Ismayilov, Minister of Finance of the Nakhchivan Autonomous Republic, noted that in 2024 the local budget revenues of the Nakhchivan Autonomous Republic exceeded AZN 250 million, which allowed to realize more than 50% of budget expenditures. “I also consider the past year to be quite successful, both in terms of the socio-economic reforms in the autonomous republic and the financial policies implemented. The share of allocation from the state budget has been significantly lowered in the implementation of budget expenditures. There will also be a high share of local revenues this year, and we've taken that into consideration in budgeting. We consider optimisation of the autonomous republic's expenditure and increase of income to be the main priotets. Significant and commendable steps have been taken in the past, ”he said. More annoying Youtube link