BAKU, Azerbaijan, January 23. Azerbaijan’s total state budget revenues through the State Customs Committee notably grew in 2022, Trend reports citing the committee.
According to the committee, this figure amounted to 5.6 billion manat ($3.3 billion), up by 30.21 percent compared to 2021.
Revenues from customs duties to the state budget increased by 214 million manat ($125.8 million) or 17.75 percent on annual basis and totaled 1.4 billion manat ($820 million).
The budget receipts from VAT equaled four billion manat or $2.3 billion (growth of 36.62 percent), from excises – 163.1 million manat or $95.9 million (increase of 3.54 percent), and from road taxes – 62.3 million manat or $36.6 million (up by 42.84 percent year over year).
The State Customs Committee of Azerbaijan fulfilled the forecast for state budget revenues by 111.29 percent in 2021. The excess amount transferred to the state budget totaled 440.37 million manat ($259.05 million).
In 2021, the committee transferred 4.3 billion manat ($2.5 billion) to the state budget, which was 10.3 percent more than in 2020.