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Azerbaijan discloses 1H2021 revenues of state budget

Finance Materials 10 August 2021 19:53 (UTC +04:00)

BAKU, Azerbaijan, Aug.10

By Zeyni Jafarov - Trend:

The revenues of the state budget of Azerbaijan in the first half of 2021 amounted to 11.7 billion manat ($6.88 billion), Trend reports citing the country’s Finance Ministry.

According to the ministry, this indicator is 3.5 percent below forecast (12.1 billion manat or $7.12 billion).

The ministry said that over 5.89 billion manat ($3.46 billion) or 50.1 percent of the revenues accounted for the non-oil sector, while slightly more than 5.86 billion manat ($3.45 billion) or 49.9 percent – for the oil sector.

The revenues from the non-oil sector rose by 12.4 percent on annual basis, and those ones from the oil-sector decreased by 13.5 percent.

Transfers from the State Oil Fund (SOFAZ) to the budget amounted to over 4.6 billion manat ($2.7 billion), revenues from the State Tax Service - 4.3 billion manat ($2.5 billion) from the State Customs Committee - 2.03 billion manat ($1.19 billion).

Besides, the budget revenues from paid services made up 276.4 million manat ($162.6 million), from the State Committee on Property Issues - 7.3 million manat ($4.3 million), and from other sources - 154.4 million manat ($90.8 million).

(1 USD = 1.7 AZN on Aug.10)

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