Azerbaijan prioritizes boosting financial discipline in spending budget funds - minister

[ad_1] BAKU, Azerbaijan, February 18. Boosting monetary self-discipline in spending the finances funds, enhancing transparency and optimizing expenditures rank among the many predominant priorities of Azerbaijan, Minister of Finance Sahil Babayev mentioned at a gathering with members of the Public Council established below the ministry, Pattern reviews by way of the ministry.

Talking on the assembly, Babayev congratulated civil society representatives on their election as members of the council and wished them success of their future actions.

The minister famous that at present, the growth of public participation within the actions of state our bodies is among the necessary manifestations of the profitable institution of a authorized state and democratic society in our nation. He famous that the council arrange in accordance with the legislation "On public participation" can even contribute to the adoption of authorized acts, the group of public management over the instructions of the ministry's actions and the participation of civil society establishments.

Talking in regards to the reforms carried out within the subject of public finance administration, the minister mentioned that necessary measures have been taken within the path of digitalization and the introduction of recent administration mechanisms in accordance with the decree of President Ilham Aliyev dated August 25, 2025. He recalled that the Digital Finance Heart and the State Enterprises Monitoring Company have been established, and the laws of the "Digital State Finance" data system, consisting of 13 predominant subsystems, have been authorized.

The minister emphasised that strengthening monetary self-discipline in the usage of finances funds, rising transparency and optimizing expenditures are among the many predominant priorities. Inside this framework, a unified and systematic strategy to public finance shall be utilized, and efficient coordination between related companies will be strengthened.

Noting that the Ministry of Finance is conducting systematic work to tell the general public in regards to the preparation, dialogue phases and implementation of the state finances, in addition to to make sure accessibility to finances data, Babayev mentioned that inside this framework, the primary finances paperwork and data are revealed in accordance with worldwide requirements, the "Citizen's Funds Information", in addition to quarterly and annual shows on the implementation of state and consolidated budgets are ready and introduced to the general public.

The minister expressed his confidence that the council will adequately fulfill its duties arising from the legislation "On public participation" and that this cooperation will serve to additional strengthen transparency and accountability within the actions of the Ministry of Finance.

Talking on the assembly, the council's chairman, Ingilab Ahmadov, mentioned that the council will make a major contribution to establishing an efficient dialogue with the general public, supporting reforms within the monetary sector, in addition to rising the general public participation index and additional increasing discussions across the nation's monetary coverage.

The council members – Nuriyya Novruzova, Anar Azizov, Elshad Mammadov, Mehdi Babayev, Ayyub Karimli and Elman Sadigov made speeches and shared their views on the council's actions and upcoming duties.