BAKU, Azerbaijan, September 21. The total state budget revenues of Azerbaijan for 2024 are expected to amount to 33.7 million manat ($19.8 million), making up 28.5 percent of GDP, given the average annual export price of a barrel of crude oil at $60, Trend reports via the Ministry of Finance of Azerbaijan.
According to the ministry, 49.6 percent, or 16.7 million manat ($9.8 million), of this indicator will fall on the oil sector, and 50.4 percent, or 17 million manat ($10 million), for the non-oil/gas sector.
In 2022, the state budget revenues of Azerbaijan increased by 16.2 percent, reaching 30.6 million manat ($18 million).