BAKU, Azerbaijan, October 25. Revenues from the non-oil sector in Azerbaijan are projected to make up 14.4 billion manat ($8.4 billion) in 2023, Trend reports on October 25 via the draft state budget of the country for next year.
According to the draft state budget, these revenues will exceed the forecast indicators for this year by 5.6 percent, and by 12.2 percent - for 2021.
Besides, the growth of the non-oil revenues will allow reducing transfers from the State Oil Fund of Azerbaijan (SOFAZ) to the state budget.
According to the draft budget, in 2023 transfers from SOFAZ to the state budget will amount to 11.3 billion manat ($6.6 billion), which is 237.5 million manats ($139.7 million) less than this year.
The revenues of the state budget of Azerbaijan next year are projected to equal 30.72 billion manat ($18.07 billion), and expenditures - 33.3 billion manat ($19.6 billion).