Azerbaijan exceeds forecast on tax revenues
Baku, Azerbaijan, March 16
By Anvar Mammadov - Trend:
Azerbaijan's Taxes Ministry provided the state budget with tax revenues worth 1.1 billion Azerbaijani manats in Jan.-Feb. 2016 against 1.6 billion manats during the same period of 2015.
The forecast on revenues have been fulfilled by 101.3 percent, said the ministry March 16.
The revenues worth 7.01 billion manats, or 41.7 percent of total revenues, are expected to provide the state budget by the Ministry of Taxes in 2016.
The revenues of Azerbaijan's state budget for 2016 have been approved in the amount of 16.822 billion manats, expenses - 18.495 billion manats.
Budget projections have been formed on the basis of oil prices at $25 per barrel.
Follow the author on Twitter: @Anvar_Mammadov