Azerbaijan reduces surplus of consolidated budget by nearly 60%
In the first quarter of 2024, revenues to the consolidated budget of Azerbaijan totalled AZN 12.6 billion, or USD 7.4 billion, and budget deductions - AZN 9.3 billion, or USD 5.5 billion.
This was reported by the Ministry of Finance.
The report said this is down by 18.9% and up by 23.7% from the same period in 2023, respectively.
As a result, a surplus of AZN 3.3 billion was formed in the consolidated budget. This is down by 58.5% from a year ago.
Finance
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As of the end of April 2024, Azerbaijan had a monetary base of 19,995.9 million manats. This is reported on the website of the Central Bank of Azerbaijan.According to the data, this is down by 0.2% from the end of March.
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The state-owned "AzerGold", a producer and exporter of gold and silver, made the first payment on interest-bearing, unsecured, book-entry, registered new USD 20 million bonds, which it put into circulation on 29 January this year.
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The non-bank credit organization (NBCO) ”Executive Credit Agency" has released its financial indices for 2023.
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The Azerbaijan Deposit Insurance Fund (ADIF) announced the public auction of real estate “AGBank", which is in the process of liquidation.
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