Ministry of Taxes Implements Forecast for I half of 2015
The Ministry of Taxes of Azerbaijan reports that it fulfilled the forecast by 100.8% in tax collection in the first half of 2015.
The ministry transferred 3,346,307,000 Manat to the state budget. The non-oil tax rose by 11.6%, amounting to 2,289,222,000 Manat. The oil & gas tax was 1.027 billion Manat without direct transfers of the state oil company and the state oil fund. The share of oil sector in the formation of the state budget, despite the decline in oil production and lower prices for it, remains high - 68.4%.
In 2015, under the Ministry of Taxes the state budget should receive 7.112 billion Manat, of which 4.812 billion Manat regards the non-oil sector and 2.300 billion Manat regards the oil sector.
Revenues of the state budget in 2015 have been approved in the amount of 19.438 billion Manat, while the expenses are 21.100 billion Manat. -0—
Economics
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