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Azerbaijan's state budget revenues increase

Finance Materials 17 December 2020 09:33 (UTC +04:00)
Azerbaijan's state budget revenues increase

BAKU, Azerbaijan, Dec. 17

By Zeyni Jafarov - Trend:

A surplus of 78.4 million manat ($46.1 million) was formed in the Azerbaijani state budget from January through November 2020, Trend reports citing the report of the Azerbaijani State Statistics Committee.

The nominal volume of the gross domestic product (GDP) of Azerbaijan from January through November 2020 amounted to 64.7 billion manat ($38.05 billion).

In accordance with the data, the state budget revenues amounted to more than 22.2 billion manat ($13.05 billion) from January through November 2020, which is by 5.2 percent more than from January through November 2019.

In accordance with the report, the state budget expenditure amounted to more than 22.2 billion manat ($13.05 billion), which is by 9.85 percent more compared to the same period of last year.

The overall forecast on state budget revenues is over 24.1 billion manat ($14.2 billion) while on expenditures – over 26.9 billion manat ($15.8 billion) in 2020.

At the same time, the state budget deficit this year is projected at over 2.8 billion manat ($1.6 billion) or 3.3 percent of GDP.

The state budget revenues amounted to 24.2 billion manat ($14.2 billion) or 104.5 percent of the forecast in 2019, which is by 1.7 billion manat ($1 billion) or 7.6 percent more than in 2018.

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