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
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review