During a session of the Milli Majlis (National Assembly) Committee on Economic Policy, Industry, and Entrepreneurship, the chairman of the Audit Chamber, Vugar Gulmammadov, presented findings regarding the execution of the 2025 state budget. He highlighted specific discrepancies in financial reporting, noting that expenditures not classified under primary budget sections were overstated by approximately 1.4 billion manats, while the actual allocation areas were understated by an equivalent amount.
According to the Operative Information Center-OMM, Gulmammadov stated that while the overall analysis suggests the state budget revenues and expenditures were largely accurate, there are critical accounting issues that require attention. He specifically pointed to the implementation of the Law on the Budget System, noting that while legislative changes made on July 14, 2025, aimed to improve the tracking of targeted budget funds, the necessary accounting mechanisms were not fully applied during the 2025 budget execution process.
Furthermore, the chairman addressed issues regarding agricultural subsidies, noting that approximately 10 million manats in returned subsidies were not properly recognized as expenditures upon their return to the budget, a process that had been handled differently in previous years. The Audit Chamber, which serves as the supreme audit institution in Azerbaijan, plays a vital role in ensuring fiscal transparency and accountability by conducting external audits of the state budget and managing public funds in accordance with national legislation.
