Azerbaijani Ministry of Economy talks tax revenues to state budget for 2020

Finance Materials 18 January 2021 13:38 (UTC +04:00)

BAKU, Azerbaijan, Jan. 18

By Zeyni Jafarov - Trend:

Tax revenues to the state budget amounted to 7.4 billion manat ($4.3 billion) in Azerbaijan in 2020, Azerbaijani Minister of Economy Mikayil Jabbarov said on Jan. 18, Trend reports.

“The funds which are transferred to the state budget are the strength of Azerbaijan and the social well-being of its citizens,” the minister added.

"Each taxpayer, who pays taxes fully and in a timely manner, contributes to the progress of the country."

Earlier, Jabbarov stressed that the volume of the shadow economy greatly decreased thanks to the reforms carried out in the tax sphere. As a result, the volume of tax revenues reached the maximum level, amounting to 7.7 billion manat ($4.5 billion) in 2019.


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