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Azerbaijan sees state budget surplus for 10M2022

Finance Materials 16 November 2022 15:00 (UTC +04:00)
Azerbaijan sees state budget surplus for 10M2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 16. The state budget surplus of Azerbaijan amounted to 3.8 billion manat ($2.2 billion) from January through October 2022, Trend reports citing the State Statistical Committee of Azerbaijan.

In the reporting period, the country’s state budget revenues exceeded 27.029 billion manat ($15.89 billion), up by 33.6 percent compared to the same period in 2021.

Meanwhile, state budget expenditures totaled 23.206 billion manat ($13.65 billion), which was 15 percent more than in the same period of 2021.

The nominal GDP of Azerbaijan in this period made up 111.028 billion manat ($65.3 billion).

State budget execution from January through October 2022:

Article headings

January through October 2022

Ratio of January through October 2022 to January through October 2021 (%)

Ratio of January through October 2021 to January through October 2020 (%)

Income

27.029 billion manat ($15.89 billion)

133.6

100.1

Expenditure

23.206 billion manat ($13.65 billion)

115

97.4

Surplus

3.8 billion manat ($2.2 billion)

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