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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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