Tax Revenues Decreased by 1.5%
In 2016 the Ministry of Taxes contributed 7 billion 15.1 million manat to the state budget, which was 103 million manat or 1.5% less than in the previous year. At the same time the Ministry of Taxes coped with the annual forecast, and even exceeded it by 5 million manat.
Last year, the tax base expanded by 145,800 subjects, 2 times more than in 2015 (76,800).
According to the state budget for 2017, the Ministry of Taxes has to contribute taxes and state fees in the amount of 7 billion 210 million manat. ----08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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