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Next year budget revenues from nonoil sector to grow - Statistics

13.11.2019,16:52


November 13, Fineko/abc.az. Analysis of the dynamics of budget revenues in the nonoil sector shows consistent growth in revenues from this sector. Thus, the share of State Budget revenues from the nonoil sector in the nonoil GDP for 2020 is projected to be 19.4% (0.6% more against the approved forecast for 2019.

ABC.AZ informs that the Finance Ministry’s press service made a relevant statement on the occasion.

According to the Ministry, at the same time revenues from this sector are forecasted to be AZN 1.1 bn or 12% more than in the current year and by AZN 1.5 bn or 16.4% more versus the 2018 indicator. As it can be seen, revenues from the nonoil sector are projected to grow, despite tax and customs subsidies of over 10%.