Azerbaijan reduced tax revenues by 2 times in October
In October 2023, the State Tax Service under the Ministry of Economy transferred 1,782.8 million manats to the state budget. According to the information published by the department, this is down by 49.75%, or about 2 times from October 2022.
Add that 961.6 million manats of monthly tax revenues accounted for the non-oil and gas sector. This is up by 13.6% from a year ago. In January-October this year, tax revenues in Azerbaijan amounted to 4.25% more than a year earlier - 14,593.5 million manats, including tax revenues from the non-oil and gas sector - by 19.2%, 8,387.4 million manats.
Finance
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More than $ 10 billion have been allocated from the state budget for the restoration of the territories of Azerbaijan liberated from occupation in 2021-2024, which creates new tasks for the Accounting Chamber.
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The annual meeting of the Working Group on Environmental Auditing (WGEA) of the European Organisation of Supreme Audit Institutions (EUROSAI) started in Baku on 3 October.
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'Caspian Equipment' company (sells engines and lubricants, batteries, tires, filters and other spare parts) announced the issue of shares worth AZN 0.1 million.
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'Baku Telephone Communications' ('Baktelecom'), subordinate to the Ministry of Digital Development and Transport, is holding an open tender for voluntary medical insurance for 96 employees and their families. This was reported on a unified Internet portal of public procurement.
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