BAKU, Azerbaijan, July 13. A surplus has been recorded in the state budget of Azerbaijan since the beginning of 2023, Trend reports.
According to the State Statistics Committee, the revenues of the country's state budget exceeded 15.48 billion manat ($9.1 billion) from January through May 2023, which is 9 percent more year-on-year.
Moreover, state budget expenditures reached 14 billion manat ($8.2 billion), which is 8.7 percent higher in comparison with the period from January through June 2022.
Thus, as of late June 2023, a surplus of 1.4 billion manat ($823.5 million) was formed in the state budget.
The nominal GDP of Azerbaijan during the specified period amounted to 60.3 billion manat ($35.4 billion).
Execution of the state budget from January through June 2023
|
Article headings |
6M2023 |
Comparison to same period of 2022 (%) |
Comparison to same period of 2021 (%) |
|
Income |
15.4 billion manat ($9 billion) |
109 |
120.8 |
|
Expenditure |
14 billion manat ($8.2 billion) |
108.7 |
111.6 |
|
Surplus |
1.4 billion manat ($823.5 billion) |
- |
- |
Meanwhile, the state budget revenues of Azerbaijan increased by 16.2 percent, reaching 30.6 million manat ($18 million), in 2022.
The budget expenditures last year increased by 16.7 percent and amounted to 32 million manat ($18.8 million) compared to 2021. Thus, a budget deficit of 1.3 million manat ($760,000) was formed.