By May 1, the Taxes Ministry remitted the state budget taxes and duties amounting to 2 billion 650.4 million (+5.4 % or 136.6 million compared to the same period last year). The share of this type of income in total GDP increased 0.2%. Aggregate national income made 6.5 bn (+35.35 %).
According to the ministry, the tax revenue to the state budget of Azerbaijan's regions in January-April increased by 18.2% compared to the same period last year. Fees from oil and gas sector companies not accounted for 1 billion 411.9 million (+15.3 % yoy).
Azerbaijan's state budget for this year was approved with revenues of 18 billion 384 million manats and expenditure of AZN 20 billion 63 million with a deficit of 1 billion 679 million manats , or 2.87 % of GDP. - 17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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