In the two months of this year the Ministry of Taxes collected 1 billion 101.5 million manats of taxes and state duties. The Analytical Information Department of Ministry informs that the forecast was implemented by 101.3%.
Note that according to the same source, over the first two months of 2015 the Ministry of Taxes collected 1 billion 104.7 million manats. Thus, on an annualized basis the shortfall amounted to 3.2 million manats.
The Taxes Ministry unlike previous times did not provide information on the income of non-oil sector and regions.
In 2016, the plan-forecast on collection and of taxes and duties of the Ministry is 7 billion 10 million manats, amounting to 41.7% of the revenue of the state budget. --08D
Economics
-
Economist Gubad Ibadoglu provides a sobering analysis of Azerbaijan’s economic prospects as 2025 begins, highlighting a landscape marked by declining oil prices, rising inflation, and expectations of manat devaluation. These pressures, he notes, are poised to undermine real GDP growth, weaken investment, and exacerbate unemployment and poverty rates.
-
Azerbaijan's Ministry of Emergency Situations has announced amendments to several regulatory documents in compliance with the country's updated administrative procedure law. The decision, signed by Minister Kamaladdin Heydarov, aims to streamline operations and enhance alignment with the nation's e-Government framework.
-
President Ilham Aliyev's recent move to consolidate state-owned transport and telecommunications companies under the newly established holding AZCON is being interpreted as a step toward eventual privatization, according to Osman Gunduz, head of the Multimedia Association and a prominent industry expert.
-
Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
Leave a review