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Azerbaijan's Nakhchivan doubles its budget revenues in 1Q2025

Economy Materials 16 April 2025 13:51 (UTC +04:00)
Azerbaijan
Azerbaijan's Nakhchivan doubles its budget revenues in 1Q2025
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, April 16. The budget revenues of Azerbaijan's Nakhchivan Autonomous Republic totaled 111.1 million manat ($65.3 million).

Data obtained by Trend from the State Statistical Committee of the autonomous republic indicates that this figure is over twice as high—specifically 2.1 times—when stacked up against the same period of 2024.

Additionally, an escalation in fiscal outlays was also documented during the assessment timeframe. During the initial quarter of the fiscal year, the autonomous republic's financial outlays totaled 93.7 million manat ($55.1 million), reflecting a 1.3 percent uptick relative to the corresponding period of the previous year.

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