Reserves of finished gold in Azerbaijan grew 8-fold

Budget revenues from customs authorities drop by 3% — Report 

Turkic states to export products under Turan brand

Foreign exchange earnings from cotton export observed growth in Azerbaijan 

A meeting on Nakhchivan held in Cabinet Ministers

The Government of Azerbaijan held a meeting on the State Program of socio-economic growth of the Nakhchivan Autonomous Republic for 2023-2027

MP: Economy grew entirely at expense of non-oil/gas sector

Amount of taxes refunded over last 2 years made public

212.5 million manats allocated from budget to these funds

In 2023, most of State Budget spent in December

State Budget expenditures in 2023 were executed in excess of the forecast for 6 months and less than the forecast for 6 months.

Tax debt exceeded 2.8 bn manats last year

The debt on receipts from the State Tax Service amounted to 2.8 bn manats in 2023.

Last year, oil & gas sector reduced economic growth by 0.9 p.p.

In 2023, oil and gas GDP amounted to 45.343 bn manats, in real terms, a drop of 1.8% was recorded in this sector, thereby the oil and gas sector had downward impact on economic growth by 0.9 p.p.

Revenues from paid services of budget organizations last year were less than predicted

The execution amounted to 480.8 million manats or less by 376.2 million manats (43.9%) against the forecast of 857 million manats on revenues from paid services of budgetary organizations last year.

State Budget allocated 4.129 bn manats for education

The allocation of finances in the amount of 4.129 bn manats is stipulated in State Budget 2023 for education expenses.

Financing allocated for the year for restoration of liberated lands published

A total of 5.58 bn manats were allocated from State Budget 2023 for reconstruction and restoration of territories liberated from occupation.

Azerbaijan to join multilateral tax convention

Azerbaijan will join the multilateral tax convention.

Catastrophic risks can increase burden on State Budget

Last year, volume of risks associated with insurance coverage in Azerbaijan exceeded GDP by 4 times

Azerbaijan develops another type of tax 

Tajikistan and Azerbaijan sign agreements on projects for $700 million

Special zone to be created in Sumgait Chemical Industrial Park

Tax and VAT benefits to be applied in connection with COP29

Azerbaijan to introduce incentives for individuals rendering services within upcoming COP29 in Baku in November.