Azerbaijan 7.1.1
Jul 25

Azerbaijan 7.1.1

  • July 25, 2019

The revenues of the state budget of the Republic of Azerbaijan for 2024 were approved at 36 388 000 000 AZN, while the expenditures were approved at 39 742 300 000 AZN by the Law On the State Budget of the Republic of Azerbaijan for 2024 (No.1028-VIQ of December 5, 2023). Compared with similar indicators for 2021, state budget revenues increased by 143.11%, and state budget expenditures increased by 139.24%.

In 2024, the country’s Gross Domestic Product (GDP) was 126.3 billion AZN, representing a 135.95% increase from 2021. In 2024, GDP per capita was equal to 12 382.5 AZN, which is 133.59% more than the same indicator in 2021.

These macroeconomic indicators demonstrate the country’s economy’s continued progressive growth, which is naturally reflected in the macro indicators of public cultural expenditure. If the total public cultural expenditure allocated for the use of the Ministry of Culture in 2021 was AZN 379 326 086.0 (EUR 189 663 043.0), then in 2024, it was already AZN 538 438 646.5 (EUR 291 047 917.0), which is 141.95% more in AZN and 153.46% more in EUR equivalent (the strengthening of the AZN exchange rate over this period explains the difference in percentage in AZN and EUR equivalent).

Public culture expenditures at all levels of government per capita in 2024 were AZN 52.89 (EUR 28.59), significantly exceeding the 2021 figure of AZN 37.83 (EUR 18.92).

Public culture expenditure as a percentage of the GDP in 2024 was 0.43% (compared to 0.41% in 2021).

In 2024, public culture expenditures accounted for 1.35% of total public spending, compared to 1.33% in 2021.

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