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Tax revenues to state budget of Azerbaijan increase significantly in 5M2023

Economy Materials 9 June 2023 14:45 (UTC +04:00)
Tax revenues to state budget of Azerbaijan increase significantly in 5M2023
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 9. Tax revenues to the state budget of Azerbaijan amounted to 8.4 billion manat ($4.9 billion) from January through May 2023, Trend reports.

According to the State Tax Service, tax revenues to the state budget increased by 45 percent, or 2.6 billion manat ($1.5 billion) compared to the same period in 2022.

Revenues to the non-oil and gas sector increased by 17.8 percent, or 697.2 million manat ($410.1 million) and reached 4.6 billion manat ($2.7 billion) during the reporting period.

Tax revenues to the state budget of Azerbaijan amounted to 15.5 billion manat or $9.1 billion (an increase of 82.2 percent compared to 2021) in 2022. During the reporting period, revenues to the non-oil and gas sector increased by 27.9 percent to 8.1 billion manat ($4.7 billion).

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