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President of the Republic of Azerbaijan Ilham Aliyev signed the Law on "State budget for 2015" *** PEFA Assessment report is available on the website of the Ministry of Finance ***

News

05.05.2015

The government of the Republic of Azerbaijan and the ADB signed an initial protocol of intent on the allocation of a multi-tranche loan for the proposed Investment Program on the Development of Electricity Distribution in line of the 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) hosted in Baku on May 5, 2015.

01.05.2015

ADB president Takehiko Nakao highly appreciates the conditions created for the Annual Meeting

01.05.2015

Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov met with the delegation headed by Deputy Managing Director of the International Monetary Fund (IMF) Mr. Mitsuhiro Furusawa, who paid a visit to Azerbaijan to attend the 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) due to take place in Baku city, on May 1, 2015.

28.04.2015

The 4th Chief Negotiators’ Meeting on Establishing the Asian Infrastructure Investment Bank (AIIB) was held on April 27-28, 2015 in Beijing, China.

20.04.2015

The 48th Annual Meeting of the Board of Governors of ADB is going to take place on May 2-5, 2015 in Baku city. The Republic of Azerbaijan, which became a member of Asian Development Bank in 1999, has hosted a number of regional events of this institution.

17.04.2015

The income of the state budget for the first quarter of 2015 was 3,938.8 mln. manats, the expenditures were 4,198.8 mln. manats, e.g. there has been occurred budget deficit in amount of 251.0 mln. manats.

17.04.2015

The Republic of Azerbaijan was affirmed confirmed as a founding member of Asian Infrastructure Development Bank (AIDB) established with an initiative of the People’s Republic of China.

 

16.04.2015

Washington will host the meeting of ministers of finance and heads of central banks of member states of the “Great twenties” due to take place on April 16-17, 2015. Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov will participate in the meeting.

03.04.2015

On the 31st of March 2015, the Ministry of Finance of Azerbaijan has notified the Chinese Ministry of Finance of the support of the government of the Republic of Azerbaijan to the efforts of the government of the People’s Republic of China to establish the Asian Infrastructure Investment Bank.

02.04.2015

 According to the article 29.4 of the Law “On non-governmental organizations (social unions and foundations)” of the Republic of Azerbaijan, non-governmental organizations are expected to submit their annual financial statements not later than April 1 to the Ministry of Finance of the Republic of Azerbaijan.

 

13.03.2015

1The Fitch Ratings, an international credit agency, re-affirmed the rating of the Republic of Azerbaijan in long-term national and foreign currencies in “BBB-” investment level and kept the forecast as “stable” on March 13, 2015.

13.03.2015

The State Financial Control Service of the Ministry of Finance of the Republic of Azerbaijan took control services in organizations financed from the state budget on the proper spending of funds allocated from the state budget to the maintenance of administrations of the heads of executive authorities of 14 districts (cities), renovation of districts (cities), capital and current refurbishment of roads, housing stock and buildings of budget organizations, regional offices in cities (villages and settlements), housing and utilities agencies, including 14 educations institutions, 7 medical centers, 2 reclamation facilities and 2 diplomatic representations, and to the preparation and implementation of local incomes and expenditures of 5 local financial bodies of the Ministry of Finance in accordance with the business plan issued based on the outcomes of risks assessment in 2014.