Azerbaijan's State Budget Revenues Exceed Nine-Month Forecast By 2.8%
According to the Ministry of Finance of Azerbaijan, the forecast for state budget revenue for the reporting period was 28.52 billion manat ($16.78 billion).
In addition, it is noted that, excluding the transfer from the State Oil Fund of Azerbaijan (SOFAZ), state budget revenues amounted to 19.68 billion manat ($11.58 billion). This is 1.4 billion manat ($820 million), or 7.7%, more than the figure for the same period last year.
“In the structure of state budget revenues, revenues from tax authorities amounted to 13.63 billion manat ($8.02 billion), or 46.5% of the total. Transfers from SOFAZ totaled 9.62 billion manat ($5.66 billion) (32.8%), while revenue from customs authorities amounted to 4.97 billion manat ($2.92 billion) (17%).
In addition, revenues from paid services provided by state-funded organizations totaled 543.2 million manat ($319.58 million) (1.9%), and revenues from leasing state property amounted to 43.2 million manat ($25.42 million) (0.1%).“Other revenues amounted to 493.7 million manat ($290.45 million), or 1.7%,” the ministry's statement said.
According to the Ministry of Finance, from January through September 2026, tax revenue exceeded the approved forecast by 913.4 million manat ($537.37 million), or 7.2%. Revenues from the leasing of state property exceeded the forecast by 8.9 million manat ($5.24 million), or 25.9%, while other revenues exceeded the forecast by 84.3 million manat ($49.6 million), or 20.6%.
At the same time, revenue from customs authorities fell short of the forecast by 10.7 million manat ($6.3 million), or 0.2%.
“Revenue from paid services provided by organizations funded from the state budget was 208.5 million manat ($122.67 million), or 27.7%, below the forecast,” the statement emphasized.
According to information from the Ministry of Finance, the transfer from SOFAZ to the state budget was carried out as planned.
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