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Tax revenues to state budget of Azerbaijan increase significantly

Economy Materials 8 August 2023 10:12 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 8. Tax revenues to the state budget of Azerbaijan amounted to $11.2 billion manat ($6.5 billion) from January through July 2023, Trend reports.

Tax collections to the state budget grew by 22.9 percent (2.1 billion manat or $1.2 billion) compared to the same time in 2022, according to the State Tax Service.

Non-oil and gas revenues climbed by 19% (984.1 million manat or 578.8 million) to 6.2 billion manat ($3.6 billion) during the reporting period.

Tax revenues to the state budget of Azerbaijan in 2022 amounted to 15.5 billion manat or $9.1 billion (an increase of 82.2 percent compared to 2021). 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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