BAKU, Azerbaijan, November 3. Funds allocated for Azerbaijan's defense and security are being increased as far as possible, Azerbaijan's Finance Minister Samir Sharifov said, TurkicWorld reports.

He spoke at a joint meeting of Azerbaijan's Milli Majlis (Parliament) Committees on Legal Policy and State Building, Defense, Security and Anti-Corruption, Human Rights, International Relations and Interparliamentary Relations, where the draft law "On the State Budget of Azerbaijan for 2024" is being discussed.

"As you know, the state budget was revised in 2023 and the funds allocated for defense and security were increased. That is, if possible, the expenditures in this direction are increased," Sharifov added.

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