The State Statistics Committee said that as of 1 November the state budget revenues amounted to 13 billion 874.1 million manats (minus 12.1% to the first 10 months last year).
Excluding the non-published transfers from the State Oil Fund, the income tax to the treasury was 1 billion 927.8 million manats (minus 10.1%), VAT - 2 billion 654.7 million AZN (+5.7%), income tax - 895.6 million manats (+ 13.3%), and excise tax - 535.8 million manats (minus 22.1%).
State budget expenditures amounted to 13 billion 925.3 million manats (+0.5%). The development of the economy was spent 5 billion 428.6 million manats (minus 6.8%), social protection and support - 1 billion 596.4 million manats (minus 1.9%), education - 1 billion 114 million manats (+4.9%). The general state expenditure was 1 billion 317.2 million manats (+ 18.9%), the law enforcement and judicial authorities - 839.8 million manats (+ 1.2%), health care - 514.9 million manats (+ 2.6%) and so on.
This budget deficit was at 51.2 million manats with anticipation of growth in the last two months of the year.
Recall, the state budget revenues for this year were approved at the level of 19 billion 438 million manats, and the expenses - 21 billion 100 million manats with a deficit of 1 billion 662 million manats or 2.8% of GDP. The Finance Ministry expects 17 billion 80 million manats as income and 17 billion 730 million manat as expenses with a deficit of 650 million AZN or 1.1% of GDP. --17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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