In the first half of 2016, the taxes in the state budget from the non-oil sector amounted to 2 billion 494.4 million AZN. This is +9.4% in comparison with the same period last year. This statement was made by the Minister of Taxes Fazil Mammadov. According to him, in the first half of 2016 the Ministry of Taxes in total transferred to the state budget 3 billion 190.1 million AZN, 2% more than the plan.
As Turan notes, in January-June 2015 the Ministry of Taxes transferred to the budget 3 billion 346 million AZN. That is, for the first quarter of this year, remittances to the budget decreased by 4.7%.
It should be noted that during the period the oil sector transferred 694.7 million AZN to the state budget through the Ministry of Taxes. During this period, the share of tax revenues from the oil sector accounted for 21.8%. An interesting fact is that in January-June 2015 the oil sector transferred 1 billion 57 million AZN to the state budget through the Ministry of Taxes. It turns out that in the first half of this year, payments to the budget decreased by 34.4%.
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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