BAKU, Azerbaijan, November 2. The State Budget for the next year envisages priority directions of expenditures on strengthening Azerbaijan's defense capability and implementation of the 'Great Return' program activities, Finance Minister Samir Sharifov said, TurkicWorld reports.

He spoke at the meeting of Azerbaijan's Milli Majlis (Parliament) Committee on Economic Policy, Industry and Entrepreneurship while discussing the draft law "On the State Budget of the Republic of Azerbaijan for 2024".

The minister noted that the draft also includes expenditures on social protection of the population, continuation of reforms in the field of education, food security of Azerbaijan, formation of mobilization reserves.

Sharifov also emphasized that financial support will be created to strengthen the inviolability of Azerbaijan's borders, improve the material and technical support of the army.

Revenues of the state budget of Azerbaijan for 2024 is projected to amount to 34.1 million manat ($20 million), expenditures - 36.7 million manat or $21.5 million (including centralized revenues - 33.3 million manat ($19.5 million), local revenues - 773,105 manat ($454,767), centralized expenditures - 35.9 million manat ($21.1 million), local expenditures - 35.9 million manat ($21.1 million)).