In 2014 Azerbaijan is not expected to increase customs tariffs, the head of the State Customs Committee Aydin Aliyev told the media.
According to him, the growth of state budget revenues through the Customs Service will be provided not by raising tariffs, but due to the expected increase in the volume of imports, conducting cross-border trade in a civilian way with involvement of customs declarations.
For 10 months of the year instead of the projected 1.134 billion manat customs contributed 1.38 billion manat to thye state budget.
In 2014, the expected state revenue through customs will be at 1.51 billion manat.
It should be noted that the increase in customs duties inevitably leads to higher prices for imported goods. -06D -
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review