BAKU, Azerbaijan, March 13. Azerbaijan’s state budget revenues through the State Customs Committee grew by 22.91 percent from January through February 2023 compared to the same period of the previous year, Trend reports citing the committee.
According to the committee, this figure exceeded 1 billion manat ($588.2 million).
Revenues from customs duties to the state budget increased by 46.2 million manat ($27.1 million) or 23.61 percent compared to the same period of the previous year and totaled 241.9 million manat ($142.2 million).
The budget receipts from VAT equaled 728.4 million manat or $428.4 million (growth of 21.64 percent), from excises – 29.7 million manat or $17.4 million (an increase of 65.98 percent), and from road taxes – 8.7 million manat or $5.1 million (up by 4.84 percent year over year).
In 2022, Azerbaijan’s total state budget revenues through the State Customs Committee notably increased by 30.21 percent compared to 2021, to 5.6 billion manat ($3.3 billion).
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.