BAKU, Azerbaijan, Apr.16
By Zeyni Jafarov - Trend:
Surplus has been recorded in the Azerbaijani state budget since the early 2021, Trend reports referring to the report of the State Statistical Committee.
As reported, from January through March 2021, the budget revenues amounted to nearly 5.74 billion manat ($3.38 billion), which is by 26.6 percent less than in the same period of 2020.
In the reporting period, the state budget expenditure made up over 5.5 billion manat ($3.2 million), up by 5.1 percent year on year. As a result, by the late March of this year, a surplus of 212.7 million manat ($125.1 million) has formed in the Azerbaijani state budget.
Meanwhile, the nominal volume of the gross domestic product (GDP) of Azerbaijan amounted to 18.9 billion manat ($11.1 billion).
Thus, the state budget surplus equaled 1.1 percent of Azerbaijan's GDP.
Overall, in 2020 the state budget revenues amounted to more than 24.6 billion manat ($14.4 billion), and expenditure - 26.4 billion manat ($15.5 billion). As a result, at the end of 2020, a deficit in the amount of over 1.74 billion manat ($1.02 billion), or 2.4 percent of the country's GDP, was formed in the budget.
(1 USD = 1.7 AZN on Apr.16)
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