BAKU, Azerbaijan, April 17. The surplus of the state budget according to the results of the first quarter of 2023 amounted to 1.7 billion manat ($1 billion), the Ministry of Finance of Azerbaijan told Trend.
According to the ministry, the state budget revenues amounted to 8.2 billion manat ($4.8 billion), while its expenditures reached 6.5 billion manat ($3.8 billion).
"The state budget from January through March 2023 received over 4.8 billion manat ($2.8 billion), or 59.1 percent of all revenues via Azerbaijani State Tax Service under the Ministry of the Economy. Moreover, about 1.57 billion manat ($923 million), or 19 percent of the revenues came from the State Oil Fund of Azerbaijan, while 1.54 billion manat ($905 million), or 18.6 percent of the revenues were received from the State Customs Committee of Azerbaijan," the ministry said.
Furthermore, according to the ministry, the state budget revenues obtained from the non-oil sector in the specified period reached 4.4 billion manat ($2.5 billion), which is 53.4 percent of the total state budget revenue, while the state budget revenues for the oil sector totaled 3.8 billion manat ($2.2 billion).