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Azerbaijani state budget revenues from renting state property exceed forecast

Finance Materials 11 February 2021 11:46 (UTC +04:00)
Azerbaijani state budget revenues from renting state property exceed forecast

BAKU, Azerbaijan, Feb.11

By Zeyni Jafarov – Trend:

The State Service for Property Issues under the Azerbaijani Ministry of Economy transferred 10.3 million manat ($6 million) to the budget for renting public property, Trend reports on Feb.11 citing the reporting data of the Finance Ministry.

According to the data, amount of the above revenues from renting exceeded the forecast by 2.3 million manat ($1.3 million) or 28.8 percent.

During 2020, a total of 237,450 real estate facilities were registered. Of these, 63,247 (26.6 percent) accounted for the primary registration, and 174,203 (73.4 percent) - for re-registration.

As the state service earlier reported, revenues of the country's budget from privatization in 2020 made up 61.5 million manat ($36.2 million), and the annual forecast was fulfilled by 99.2 percent. Some 10.3 million manat ($6 million) was transferred to the budget for renting public property, and thus the annual forecast was fulfilled by 128.8 percent.

(1 USD = 1.7 AZN on Feb.11)

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