Azeri parliament approves 2007 budget

The Milli Majlis (parliament) approved Azerbaijan’s 2007 state budget on Tuesday.

The budgetary revenues will make up 5.336 billion new manats (over $6 billion), while the expenses were set at 5.715 billion new manats (almost $6.5 billion).

The $430m budget deficit accounts for 1.7% of the projected Gross Domestic Product (GDP).

The measure was approved by 95 votes, with three MPs voting against it. The parliament also endorsed the next year’s budget of the State Social Security Fund.*