Azerbaijan is increasing defense and national security expenses in next year's state budget, APA reports citing the respective draft law, which was discussed in the third reading of the meeting of the parliamentary Committee for Economic Policy, Industries, and Enterprising.

According to the new version of the draft law, the funds allocated to defense and national security expenses in the 2023 state budget will be increased by 11,117,500 manats amounting to 5,331,211,093 manats.

While in the previous edition of the draft law, the funds allocated to defense and national security expenses in the 2023 state budget amounted to 5,320,093, 593 manats.

As of Monday, 1 Azerbaijani manat is worth 0.58827 US dollars.