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Azerbaijan forecasts state budget revenues from petrochemical taxes in 2022

Oil&Gas Materials 12 November 2021 17:31 (UTC +04:00)
Azerbaijan forecasts state budget revenues from petrochemical taxes in 2022

BAKU, Azerbaijan, Nov. 12

By Sadraddin Aghjayev - Trend:

Revenues of the state budget of Azerbaijan from petrochemical taxes are projected to make up over 577.8 million manat ($339.8 million) in 2022, Trend reports on Nov. 12 citing the budget bill.

According to the forecast, next year, the budget will receive 567.8 million manat ($334 million) via the manufacturing of the petrochemicals.

Through the total excise taxes, the budget revenues in 2022 are forecasted to equal 160 million manat ($94.1 million).

In the first nine months of 2021, through the total excise taxes, the state budget of Azerbaijan received over 143.5 million manat or $84.4 million (170 million manat or $100 million forecasted by the end of the year), and through petrochemical taxes - over 9.6 million manat or $5.6 million (7.7 million manat or $4.5 million forecasted until the end of the year).

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