Azerbaijan reduces funding of Nakhchivan socio-economic development state program – decree

BAKU: Funding allocated for the state program of socio-economic development of Azerbaijan's Nakhchivan Autonomous Republic has been reduced, Trend reports. In this regard, President of thge Republic of Azerbaijan Ilham Aliyev signed a decree "On amendments to the Presidential Decree of Azerbaijan No. 2424 dated December 26, 2023, regarding several issues related to the implementation of law No. 1028-VIQ of Azerbaijan dated December 5, 2023, on the state budget of Azerbaijan for 2024". According to the decree, 249.1 million manat ($146.5 million) allocated for funding the state program for the socio-economic development of Nakhchivan has been reduced to 70 million manat ($41.18 million). Source: Trend News Agency

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