Azerbaijan’s Taxes Ministry exceeds tax revenue forecast
Baku, Azerbaijan, Sept. 12
By Azad Hasanli – Trend:
Tax revenues of Azerbaijani state budget exceeded 4.67 billion manats in January-August 2017, which is 0.1 percent more than was forecasted, said the country’s Taxes Ministry Sept. 12.
The Taxes Ministry is expected to transfer 7.645 billion manats (45.6 percent of total budget revenues) to the state budget in 2017.
Revenues of Azerbaijan’s state budget have been approved in the amount of 16.766 billion manats, expenses – 17.941 billion manats for 2017. Budget forecasts are formed on the basis of oil prices at $40 per barrel.
The official exchange rate as of Sept. 12 is 1.7009 AZN/USD.