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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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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