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New entities added to budget classification

The Cabinet of Ministers has added AZCON Holding, the Presidential Reserve Fund, and other entities to the budget classification. The decision is effective from January 1, 2025.

Sophia Anderson
BySophia Anderson- Senior Editor
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The Cabinet of Ministers has amended the 2018 budget classification decision.

Prime Minister Ali Asadov signed a new decision adding several entities to the administrative classification of budget expenditures.

These include AZCON Holding, the Presidential Reserve Fund, the State Budget Reserve Fund, subordinate QSCs of the Water Resources Agency, the Business Development Fund under the Ministry of Economy, KOBIA, the Agency for Monitoring State Enterprises, the Geodesy and Cartography Agency, and the Mineral Raw Materials Agency.

The decision is effective from January 1, 2025.

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