BAKU, Azerbaijan, Nov. 13
By Sadraddin Aghjayev - Trend:
The State Tax Service under the Ministry of Economy of Azerbaijan exceeded the forecast for transfers to the state budget in the first 10 months of 2021, Trend reports referring to the service.
In the reporting period, the service transferred 1.65 billion manat or $970 million (22.4 percent) more than it was forecasted. The total transfer amounted to over 7.3 billion manat ($4.3 billion).
Besides, budget revenues from the non-oil sector surpassed 5.3 billion manat ($3.1 billion), exceeding the forecast by 736.5 million manat ($433.2 million) or 15.9 percent.
Actual budget revenues exceeded the indicators recorded from January through October 2020 by 616.5 million manat ($362.6 million) or 12.9 percent.
At the same time, tax revenues from private non-oil companies increased by 19.4 percent on annual basis, amounting to 4.8 billion manat ($2.8 billion).
In the regions, budget revenues amounted to 788.8 million manat ($464 million), which is 8.3 percent more than in the first 10 months of last year, and 14.6 percent more than the forecast.
(1 USD = 1.7 AZN on Nov. 13)
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