Azerbaijani Ministry of Finance has published a report on the operational performance of the state budget in January-September (http://maliyye.gov.az/node/1979).
As of the 3rd quarter, the revenue part of the budget amounted to AZN 10 billion 103.1 million, and the expenditures – AZN 10 billion 622.2 million with a deficit of 519.1 million manat. The forecast revenue was executed by 83.5%, and the expenditure – by 87.5%.
The largest share of income was from the Ministry of Taxes – AZN 4 billion 926.3 million, transfers from State Oil Fund were AZN 3.26 billion, transfers from the State Customs Committee were AZN 1 billion 653.8 million (+ 529 600 000, or +25.6% to October 1 last year). Proceeds from the budgetary organizations were at the level of AZN 192.9 million, and other charges - AZN 70.1 million.
On social expenses: payroll, pensions and benefits, medicines and food 4 billion 514 million manat was spent, which was 42.5% of the volume (+ 406.6 million or +9.9% to October 1 last year). The supply of gas, electricity, water, transportation and some other items was spent AZN 1 billion 151.7 million. Investment projects were spent AZN 212.8 million.
On the consolidated budget the situation is better – the revenues amounted to AZN 14 billion 951 million, and the expenses were AZN 12 billion 623.4 million, with surplus of AZN 2 billion 327.6 million. --17D-
Economics
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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.
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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.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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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.
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