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Azerbaijan’s State Customs Committee exceeds forecast on revenues

Business Materials 2 May 2018 12:17 (UTC +04:00)
The forecast for customs revenues to the state budget of Azerbaijan for the first four months, has exceeded by 36 percent, Chairman of the State Customs Committee of the country Safar Mehdiyev said May 2, answering the reporters' questions.
Azerbaijan’s State Customs Committee exceeds forecast on revenues

Baku, Azerbaijan, May 2

By Anvar Mammadov - Trend:

The forecast for customs revenues to the state budget of Azerbaijan for the first four months, has exceeded by 36 percent, Chairman of the State Customs Committee of the country Safar Mehdiyev said May 2, answering the reporters' questions.

"According to preliminary calculations for the four months of 2018, the forecast on transfers to the state budget was executed by 136 percent. During this period, we transferred 1.021 million manats to the budget with the actual forecast of 750 million manats. I believe this trend will continue," he said.

Speaking about reasons for the significant increase in the customs revenues in the state budget, Mehdiyev linked this with the increase in import operations.

"According to data for the late of the first quarter of 2018, the imports volume increased by $ 668 millions compared to the same period of 2017," Mehdiyev said.

The forecast on the customs revenues in the 2018-state budget of Azerbaijan is 2.43 billion manats.

($1 = 1.7 AZN on May 2).

Follow the author on Twitter: @Anvar_Mammadov

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