BAKU, Azerbaijan, June 12. The Chamber of
Accounts of Azerbaijan has put forward three main proposals to the
parliament, the Chairman of the Chamber, Vugar Gulmammadov, said
during the discussion of the draft law "On the implementation of
the state budget of Azerbaijan for 2025" at today's meeting of the
parliament, Trend's correspondent reports from the event.


"The first proposal is related to customs revenues. It was
stated that in the context of optimizing the system of
formalization of foreign trade transactions, the approach to
determining forecasts for the collection of budget revenues through
customs authorities should be reconsidered. Optimization of the
fiscal burden on import duties and promotion of economic activity
of entrepreneurs who comply with tax discipline are considered
important," he explained.


The official noted that 25 recommendations regarding the draft
law "On the implementation of the state budget of Azerbaijan for
2025" were implemented, as well as information on approved
comments, and 46 new recommendations were submitted as a result of
the investigations conducted by the Chamber of Accounts.


Gulmammadov pointed out that when preparing forecasts for
value-added tax and customs duties on imports, approaches related
to stimulating local production and domestic economic activity, as
well as concessions and exemptions, should be taken into
account.







"The second proposal is related to the law 'On the budget
system'. The Chamber of Accounts believes that the approaches to
managing public sector finances should be more broadly reflected in
the law. It is proposed to establish in the legislation information
on consolidated reporting of state assets and liabilities, analysis
of tax incentives, and their impact on the budget.


The third proposal is related to parafiscal payments. It was
stated that organizations collecting recycling fees, toll roads,
disposal fees, and other similar payments should submit a report on
the use of these funds," he said.


Gulmammadov also noted that, according to the Chamber of
Accounts, these changes can serve to increase accountability and
transparency, as well as strengthen confidence in the budget
forecasting system. The chairman also emphasized that the submitted
annual report and draft law on the implementation of the 2025 state
budget were prepared in accordance with the requirements of the
legislation.