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Azeristiliktechizat to receive 33.8 million manat subsidy in 2027

Azeristiliktechizat to receive 33.8 million manat subsidy in 2027

The subsidy will cover losses caused by heating service tariffs being below the cost of providing the service.

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Next year, Azerbaijan’s state budget is set to allocate Azeristiliktechizat OJSC a subsidy of 33.8 million manat, the same amount as this year, to cover losses arising because heating service tariffs are below the cost of providing the service.

“Operative Information Center-OMM” reports that the allocation is included in the draft 2027 budget package.

The document is being discussed at a meeting of the Milli Majlis (National Assembly) Committee on Economic Policy, Industry and Entrepreneurship today.

The budget package also projects 60 million manat for major repairs to state-owned residential buildings in cities, districts and settlements, including roofs, facades and stairwells; 40.6 million manat for lighting; 47.1 million manat for planting and maintaining greenery and landscaping; 37.7 million manat for housing and utilities enterprises; and 6.3 million manat for maintaining the elevator network.

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