Azerbaijan's state budget revenues increase
BAKU, Azerbaijan, May 14
By Nargiz Ismayilova – Trend:
The surplus of the Azerbaijani state budget amounted to 2.3 billion manat ($1.3 billion) from January through April 2020, Trend reports referring to the Azerbaijani State Statistics Committee.
Azerbaijan's nominal GDP amounted to 22.4 billion manat ($13.2 billion) from January through April 2020, while the state budget surplus amounted to 10.3 percent of GDP.
According to the data, state budget revenues amounted to more than 9.5 billion manat ($5.6 billion) from January through April 2020, which is 27.6 percent more compared to the period from January through April 2019.
In the reporting period, the state budget expenditures amounted to more than 7.3 billion manat ($4.3 billion), which is 0.7 percent more than in the same period of last year, the committee said.
The general forecast for the state budget revenues is 24.1 billion manat ($14.2 billion), expenditure - 26.9 billion manat ($15.8 billion) in 2020.
The state budget deficit is projected at 2.8 billion manat ($1.6 billion) or 3.3 percent of GDP this year.
The state budget revenues amounted to 24.2 billion manat ($14.2 billion) or 104.5 percent of the forecast figure in 2019, which is 1.7 billion manat ($1 billion) or 7.6 percent more than in 2018.
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