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
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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