In January 2013, the State Customs Committee collected to the state budget customs duties and taxes in the total amount of 89.5 million manat. This is 15.7% more than in January last year.
The bulk of revenues accounted for by VAT - AZN 66.9 mln. (+7.4%). Customs officers dramatically increased the collection of import customs tax. Their volume increased from 9.66 million manat in January 2012 to 17.88 mln in January 2013 (+85%).
The volume of road tax amounted to 1 235.1 thousand manats (+AZN 169,000). In January this year, the amount of excise taxes decreased about a quarter to 3.6 million manat.
In 2013, the government raised its forecast on customs duties from 1.2 billion to 1.38 bn AZN. - 08D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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