By February 1, revenues to the state budget amounted to 1 billion 349.6 million manat (minus 19.9% to January last year) and expenditures were at AZN 516.4 million (the Ministry of Finance financed 60% less).
Revenues from value-added tax were at the level of AZN 361.3 million (26.8% of the revenue), income tax - 172.7 million manat (12.8%), on income tax -.144 700 000 manat (10.7%). Tax departments also provided 39.5 million AZN under the simplified tax collection from individuals and 38.9 million AZN of excise taxes. The number of transfers from the State Oil Fund is not listed.
According to the law "On the state budget of Azerbaijan Republic for 2016", the profit part to be performed by the end of December should be 16 billion 822 million manat and the expenditures should be 18 billion 495 million manat with a deficit of 1 billion 673 million manat. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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