BAKU, Azerbaijan, April 15. Azerbaijan's state budget recorded a surplus from January through March 2024, Trend reports.
According to Azerbaijan's State Statistics Committee, the
country's state budget earnings exceeded 9.2 billion manat ($5.4
billion) in the reporting period of 2024, representing a 11.4
percent increase over the same period last year.
State budget expenditures totaled 8.4 billion manat ($4.9 billion),
which is 28.1 percent higher than the figure for the same period in
2023.
Thus, by the end of March 2024, the state budget had a surplus of
821.7 million manat ($483 million).
During the aforementioned time, Azerbaijan's nominal GDP was 29
billion manat ($17 billion).
State budget execution from January through February 2024
|
Title |
from January through March 2024, in manat |
Ratio of January-March 2024 to January-March 2023, in percent |
Ratio of January-March 2023 to January-March 2022, in percent |
|
Revenues |
9,234,300,000 ($5.4 billion) |
111,4 |
118,3 |
|
Expenses |
8,412,600,000 ($4.9 billion) |
128,1 |
116,7 |
|
Deficit |
821,700,000 ($483 million) |
- |
- |
To sum up, Azerbaijan's state budget revenues increased by 16 percent in 2023, reaching 35.5 billion manat ($20.8 billion). State budget expenditures reached 36.4 billion manat ($21.3 billion), which is 13.7 percent higher than from January through December 2022, and at the end of December 2023, the state budget had a deficit of 883.7 million manat ($519.5 million).
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