. In 2015, total revenues in 1,607 municipalities in Azerbaijan amounted to AZN 30.8 million, down compared to the previous year by 37.2%, the State Statistics Committee told Turan.
The sources of income are a land tax for individuals – 5,281.3 thousand manat, property tax on individuals – 5,928.3 thousand manats, etc. In general, taxes account for 37.6% of their annual income.
In 2015, revenues in the budgets of municipalities on land sales decreased by 3 times and amounted to 6.7 million manats. In addition, the lease of municipal property and land brought 3.6 million manats.
In 2015, the revenues of 53 Baku municipalities were 8.4 million AZN (14.3%), and the revenues of the 15 municipalities of the Absheron district were 5.3 million manat (-60.6%).
Municipalities spent mainly on running their management (54.9%), housing and communal services (23.3%), roads (9%), etc.
Municipalities in Azerbaijan almost do not play a role in local government. In 2015, their total expenditure amounted to only 0.16% of Azerbaijan's state budget expenses. –0--
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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