![Since early year share of oil incomes in formation of state budget constituted 73.5%](https://turan.az/resized/./turan-750-500-resize.webp)
Since early year share of oil incomes in formation of state budget constituted 73.5%
During 9 months, 2013 incomes of the state budget of Azerbaijan Republic totaled 14,330,000,000 AZN, while costs – 12,719,000,000 AZN. As a result of that during 3 quarters, 2013 the budget had a proficit of 1,610,300,000 AZN.
According to the Azerbaijan Finance Ministry, during this period the Taxes Ministry transferred 4,929,900,000 AZN to the state budget, up 375.4 million AZN or by 8.2% against the same period last year. Of this amount 44.6% or 2,197,900,000 AZN was formed by the transfers into the oil industry (according to the State Oil Company of Azerbaijan (SOCAR), during 9 months, 2013 it paid 1,185,092,000 AZN to the state budget, while other oil companies paid 1,012,808,000 AZN).
From January to September 2013 transfers from the State Oil Fund of Azerbaijan (SOFAZ) to the state budget totaled 8,339,900,000 AZN. During 9 months, 2012 SOFAZ transferred 7,038,400,000 AZN to the state budget. During first three quarters 2013 transfers from SOFAZ to the state budget increased by 1,301,500,000 AZN or by 18.5%.
According to the estimates of Caspian Barrel Oil Studies Centre, considering transfers from SOFAZ from January to September 2013 share of oil incomes in the state budget totaled 10,537,800,000 AZN or 73.54%.—0---
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review