BAKU, Azerbaijan, February 20. A surplus in the state budget of Azerbaijan has been registered in January 2023, Trend reports citing the report of the State Statistics Committee.
In the reporting month, the country’s state budget revenues exceeded 4 billion manat ($2.3 billion), up by 45.9 percent on annual basis.
Meanwhile, state budget expenditures reached 1.45 billion manat ($850 million), which was 48.3 percent more than in January 2021.
Thus, in January this year, a surplus of 2.5 billion manat ($1.4 billion) was formed in the state budget, and the nominal GDP of Azerbaijan made up 9.69 billion manat ($5.7 billion).
State budget execution in January 2023:
|
Article headings |
January 2023 |
Ratio of January 2023 to January 2022 (%) |
Ratio of January 2022 to January 2021 (%) |
|
Income |
4 billion manat ($2.3 billion) |
45.9 |
18.4 |
|
Expenditure |
1.45 billion manat ($850 million) |
48.3 |
-20.2 |
|
Surplus |
2.5 billion manat ($1.4 billion) |
- |
- |
In 2022, the state budget revenues of Azerbaijan increased by 16.2 percent, reaching 30.6 million manat ($18 million).
The budget expenditures last year increased by 16.7 percent compared to 2021 and amounted to 32 million manat ($18.8 million). Thus, a budget deficit of 1.3 million manat ($760,000) was formed.