In July of this year, local customs provided in the state budget in the form of duties and taxes on the import and export operations 135 255 400 manat. This is 0.1% less than in the previous month.
Despite the decline in the volume of imports - the main source of customs revenue since March, customs collected on a monthly basis about the same amount - about 135 million manats. This despite the fact that the constituent customs revenues by type change. For example, in July, customs fees totaled 50 million AZN, and VAT - 78.775 million manat. In June, the figures were 63.5 million AZN and 66 million AZN.
It's obvious that such a piece of work with customs finances is aimed at implementation of the plan for the current year 1 billion 510 million manats.
Just seven months of the year by the State Customs Committee, it was transferred to the state budget of 868 million manat, 13.4% more than in the same period last year. - 08D -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review