The Ministry of Taxes reported on the replenishment of the state budget at the expense of the funds raised through it. The message consists of two sentences.
During the seven months of this year, the Ministry of Taxes provided to the state budget 4 billion 104 million AZN. The press service of the Ministry noted that it is 1.9% more than the forecast. However, the Ministry of Taxes did not provide comparative figures for the corresponding period last year. Due to the fall in oil prices, oil revenues declined significantly.
It can be gathered from the information that in July the tax collected amounted to 757.7 million manats.
In contrast to previous months, the ministry did not provide information about revenues from the non-oil-gas sector.
This year the Ministry of Taxes is projected to raise 7 billion 112 million manats.
Today, the Ministry of Taxes has resumed publication of the list of debtors of the tax benefits, among which there are both private and state-owned enterprises as well as individuals. -08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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