Azerbaijan’s Central Bank not to transfer profit to state budget in 2018
Baku, Azerbaijan, Nov. 2
By Anvar Mammadov – Trend:
Revenues from Azerbaijani Central Bank’s income are not envisaged in additional earnings of the country’s state budget for 2018, according to the conclusion of Azerbaijan’s Financial Market Supervisory Authority (FIMSA) on the bill "On state budget of Azerbaijan for 2018.”
The document states that profit from the difference in exchange rate, which amounted to 129.75 million manats in 2016, is not envisaged in the 2018 structure of earnings either.
The 2017 structure of additional earnings includes revenues of 250 million manats from the Central Bank’s income.
Revenues of the Azerbaijani state budget for 2018 are forecast to total 20.127 billion manats (including centralized revenues – 19.476 billion manats, local revenues – 650.671 million manats).
Expenditures of the Azerbaijani state budget are forecast to total 20.905 billion manats (including centralized expenditures – 20.182 billion manats, local expenditures – 724.092 million manats).
(1.7003 manats = 1$ on Nov. 2)