BAKU, Azerbaijan, October 6. Azerbaijan's fiscal performance exhibited robust dynamics during the initial three quarters of 2025.
Data obtained by Trend from the Ministry of Finance indicates that treasury authorities executed over 1.1 million payment orders during this period, and state budget revenues exceeded expectations. Total revenues amounted to approximately 29.1 billion manat ($17.1 billion), surpassing the nine-month forecast by 675.2 million manat ($397.1 million), or 2.4 percent.
Revenue collections through the State Tax Service (STS) under the Ministry of Economy reached roughly 12.4 billion manat ($7.2 billion), exceeding the forecast by 614.2 million manat ($361.2 million), or 5.2 percent. Collections via the State Property Service totaled 34.5 million manat ($20.2 million), surpassing projections by 8.2 million manat ($4.8 million), or 31.2 percent. Other revenues reached around 563.2 million manat ($331.2 million), more than double (2.2 times), or 304.4 million manat ($179 million), the forecast, while transfers from the State Oil Fund of the Republic of Azerbaijan (SOFAZ) totaled nearly 10.8 billion manat ($6.3 billion), achieving full compliance with projections.
Customs revenue totaled approximately 4.74 billion manat ($2.7
billion), realizing 98 percent of the projected figures, whereas
fee-based service revenues from state-funded entities reached 480.2
million manat ($282.4 million), equating to 73.3 percent of the
anticipated forecast.
Throughout the specified timeframe, the allocation of state budget
expenditures reached approximately 24.6 billion manat ($14.4
billion), indicative of a strategically calibrated approach to
fiscal governance.
