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Azerbaijan boosts state budget surplus for 1Q2022

Economy Materials 13 April 2022 16:24 (UTC +04:00)
Azerbaijan boosts state budget surplus for 1Q2022
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, April 13. The state budget surplus of Azerbaijan reached 1.38 billion manat ($812.2 million) in the first quarter of 2022, the Ministry of Finance of Azerbaijan told Trend.

The government revenues amounted to over 7.009 billion manat ($4.1 billion), while expenditures totaled 5.629 billion manat ($3.3 billion).

According to the ministry, state budget revenues exceeded the forecast by 417.7 million manat ($245.8 million), or 6.3 percent.

Moreover, this figure increased by 1.273 billion manat ($749.27 million), or 22.2 percent compared to the same period in 2021.

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