Azerbaijani customs "forgot" to disclose budget payments
Although the State Customs Committee has released trade statistics for 2023, this time the overview did not reflect the amount and structure of funds transferred by the structure to the state budget last year.
On the Committee's website, no figures for December 2023 are posted in the section where monthly remittances are reflected.
Instead, information on the payments of Azerbaijani customs to the budget was made public by the Ministry of Finance.
Last year, the customs authorities received AZN 6,337.8 million to the budget. This is up by 12.1 percent from a year earlier.
Note that AZN 619.2 million of annual payments fell on last month, which is up by 9.6 percent from December last year.
Finance
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On November 19, Finance Minister Samir Sharifov stated in the Milli Majlis (National Assembly) that fines issued to citizens in Azerbaijan sometimes do not reach the state budget. According to him, a new software system has been developed to address this issue and ensure proper oversight of fine payments.
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‘Baku Stock Exchange' (BSE) has started its work since 19 November to take part in the annual meeting of the World Federation of Exchanges (WFE), which will end on 22 November.
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There is additional potential in Azerbaijan associated with budget receipts from leasing of state property.
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In 2025, AZN 1,162.6 million is forecasted to be allocated from the state budget to 56 public legal entities in Azerbaijan.
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