BAKU, Azerbaijan, June 12. A total of 15.3
billion manat ($9 billion), accounting for nearly 40% of state
budget expenditures, was used to finance social-oriented spending
in Azerbaijan last year, Finance Minister Sahil Babayev said,
Trend's
correspondent reports from the event.
He made the remark during the discussion of the draft law "On
the execution of the state budget of Azerbaijan for 2025 at today's
meeting of the parliament.
According to him, this figure grew by 602 million manat ($354
million) compared to 2024.
"As a reflection of the head of state's care for low-income
citizens, particularly socially vulnerable groups, another social
reform package was implemented last year. Within the framework of
this package, minimum wages and pensions, as well as social
benefits and stipends, were increased. More than 400 million manat
($235.3 million) was allocated from the state budget to finance the
reform," Babayev noted.
The minister also emphasized that, overall, social-oriented
expenditures have increased by 3.9 billion manat ($2.3 billion)
over the past five years.
