Azerbaijan's Essential Tax Revenues Fell On Share Of Non-Oil...| MENAFN.COM

Tuesday, 16 August 2022 04:07 GMT

Azerbaijan's Essential Tax Revenues Fell On Share Of Non-Oil And Gas Sector In 1H2022 Minister


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, July 7. An important part of the recorded increase in Azerbaijan's tax revenues fell on the share of the non-oil and gas sector in the first half of 2022, Minister of Economy of the Republic of Azerbaijan Mikayil Jabbarov tweeted Trend reports.

Tax revenues from the non-oil and gas sector increased by 38.1 percent from January through June 2022 compared to the same period of 2021 and amounted to 4.398 billion manat ($2.58 billion), the minister noted.

'The forecast on tax revenues was fulfilled by 128.6 percent. The excess amount transferred to the budget totaled 1.257 billion manat ($739.8 million),' Jabbarov wrote.

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