BAKU, Azerbaijan, May 25. Corporate income tax revenues in 2024 are projected to reach 6.7 billion manat ($3.9 billion), which is 19.2 percent, or 1 billion manat ($588 million) more than the approved forecast for the current year, Trend reports.
The Azerbaijani Ministry of Finance estimates that corporate income tax receipts will account for 18 percent of state budget revenues after the budget revision.
Furthermore, it should be noted that in general, the revenue forecast of the revised state budget of Azerbaijan for 2024 will increase from 34.1 billion manat ($20 billion) to 36.3 billion manat ($21.3 billion), and the expenditure forecast will increase from 36.7 billion manat ($21.5 billion) to 39.7 billion manat ($23.3 billion).
Meanwhile, Azerbaijan's first-quarter state budget revenues exceeded expectations by 8.07 percent, or 659.5 million manat ($387.9 million).
The country's state budget revenues exceeded 9.2 billion manat ($5.4 billion), which is 11.4 percent more than the indicator for the same period last year.
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