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Azerbaijan's state budget revenues from State Tax Service exceed forecast

Finance Materials 21 April 2021 13:38 (UTC +04:00)
Azerbaijan's state budget revenues from State Tax Service exceed forecast

BAKU, Azerbaijan, Apr. 21

By Zeyni Jafarov - Trend:

Revenues to the state budget of Azerbaijan through the State Tax Service under the Ministry of Economy in the first quarter of 2021 made up over 2.08 billion manat ($1.22 billion), Trend reports citing data from the Ministry of Finance.

As reported, the given figure exceeds the forecast by 21.1 percent, or 363.8 million manat ($214 million).

At the same time, tax revenues from the non-oil sector of the economy amounted to 1.51 billion manat ($888.2 million), or 72.2 percent of all receipts, having risen by 7.9 percent, or 110.6 million manat ($65 million) year on year.

Earlier, Minister of Economy of Azerbaijan, Mikayil Jabbarov, said that the forecast for revenues to the state budget through the State Tax Service in the first quarter of 2021 was fulfilled by 121.1 percent.

(1 USD = 1.7 AZN on Apr.21)

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