The Ministry of Taxes transferred to the state budget 7 billion 118 million 196.6 thousand manat. This is 0.1% more than the forecast, said today the department of analytical information department.
Experts estimate that due to the fall in oil prices, the revenues from the oil sector in the past year decreased compared to the year 2014 by about 500-600 million manats. Economists note that the devaluation of the manat "offset" some of these losses. It is possible that the tax authorities have coped with the implementation of the plan due to pressures on the private sector.
The Taxes Ministry also announced the expansion of the tax base. In 2015, there were 76,877 business entities. This is 7.1% less than in 2014. The number of private companies and individuals engaged in entrepreneurial activities is not reported. -----08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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