The Ministry of Finance of Azerbaijan projects expenses of 14.6 billion manats ($8.5 billion) for the reconstruction and restoration of liberated territories from 2025 to 2028, constituting 28.9% of capital expenditures. The state budget’s capital expenditures are expected to decrease by 23.3% to 11.7 million manats ($6.9 million) by 2024. The report emphasizes the focus on the “Great Return” program and strengthening defense and security in the medium term.
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