In the first quarter of 2016 revenues to the state budget via the Ministry of Taxes totaled 1 billion 542.4 million manats. According to the agency, the forecast was executed by 101.4%
Compared to the same period of 2015, tax revenues were down by 3.6% (58.3 million manats), and compared with the same period of 2014 – by 12.5% (220.5 million manats).
In 2015 the Ministry of Taxes provided the transfer to the state budget of 7.1 billion manats. This year, the forecast is reduced by 410 million manats. ----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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