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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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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