In 2024, Azerbaijan's state budget revenues totalled AZN 37,164.2 million and budget expenditures AZN 37,719.7 million. This was reported by the State Statistics Committee.
According to the data, this is up by 5.5% and 3.5% from 2023, respectively.
As a result, last year's budget deficit was 0.4% of gross domestic product, or AZN 555.5 million. This is down by 37.1 % from the previous year.
It ought to be noted that forecasts of revenues and expenditures of Azerbaijan's budget for 2024 were approved at the level of AZN 36,388 million and AZN 39,742.3 million respectively. Thus, last year budget revenues were executed by 102.1% and budget expenditures by 94.9%.
Finance
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In 2024, nominal income of Azerbaijan's population totalled AZN 83,093.4 million.
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In 2024, receipts on compulsory health insurance in Azerbaijan totalled about AZN 1 billion.This is up by 8.6% from the same period of 2023, the report said.
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Findoc' portal created by “Azerbaijan Credit Bureau” in the format of business client (B2C) has 100,000 users.This was announced by the Bureau.
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'Bank of Baku' has announced its financial results for 2024. Last year, the bank earned a net profit of AZN 25.9 million, which is up by 1.9% from a year earlier.
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