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Azerbaijan talks surplus in state budget for 8M2022

Finance Materials 14 September 2022 17:18
Baku, Azerbaijan Trend News Agency
Azerbaijan talks surplus in state budget for 8M2022

Surplus fixed in the state budget of Azerbaijan from the beginning of 2022, Trend reports via the bulletin of the State Statistics Committee.

According to the committee, the revenues of the Azerbaijani state budget exceeded 20.18 billion manat ($11.87 billion) from January through August 2022, which is 26.6 percent more than in the same period last year.

Expenditures on the state budget reached 18.1 billion manat ($10.6 billion), which is 16.2 percent higher than from January through August 2021.

The state budget generated a surplus in the amount of 2.03 billion manat ($1.19 billion) as of late August 2022.

The nominal GDP of Azerbaijan amounted to 84.88 billion manat ($49.93 billion) in the specified period.

Execution of state budget from January through July 2022

Title of article

8M2022

Compatibility of indicator for 8M2022 to 8M2021

Compatibility of indicator for 8M2021 to 8M2020

Income

20.18 billion manat ($11.87 billion)

126.6 percent

99.99 percent

Expenditures

18.1 billion manat ($10.6 billion)

116.2 percent

95.5 percent

Profit

2.03 billion manat ($1.19 billion)

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