In 2020, 222 million manat (130.3 million US dollars), or 0.82% of the state budget expenditures, will be allocated from the state budget for international events.
According to the Ministry of Finance, the costs of international events will increase compared to this a year (76.2 million manat) 2.9 times. For comparison, we note that in 2020, the authorities intend to increase the total amount of targeted social assistance to poor families from 121.3 million to 219.7 million manat.
On the other hand....
In 2020, AZN 142 million will be allocated from the state budget for the construction and sale of apartments under preferential terms. This is 20 million manat or 12.4% less than this year.
The financing will be provided by the State Housing Agency and the Loan Guarantee Mortgage Fund.
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