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Azerbaijan records surge in tax revenues to state budget for 7M2022

Economy Materials 12 August 2022 21:01 (UTC +04:00)
Azerbaijan records surge in tax revenues to state budget for 7M2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 12. The State Tax Service under the Ministry of Economy of Azerbaijan exceeded the forecast for revenues to the state budget by 8.7 percent from January through July 2022, Trend reports via the service.

Totally, over 9.13 billion manat ($5.37 billion) was transferred to the state budget through the service during the reporting period (an increase of 73.2 percent over the year).

At the same time, revenues from the non-oil sector amounted to nearly 5.18 billion manat ($3.05 billion), which is 1.36 billion manat ($800 million), or 35.9 percent more than in 7M2021. The forecast was fulfilled by 101.1 percent.

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