Tax revenues increased for 1st quarter of 2020


April 3, Fineko/abc.az. In the 1st quarter of 2020 the State Budget revenues amounted to AZN 7.81 bn, expenditures AZN 5.254 bn, and the State Budget surplus in the amount of AZN 2.556 bn.

ABC.AZ reports that in Q1 of 2020 the State Budget surplus amounted to AZN 7.81 bn or AZN 2.063 bn, 35.9% more than the quarterly forecast. The State Budget received AZN 2.039 bn from the State Tax Service under the Ministry of Economy that is by AZN 221.2 million or 12.2% more against the forecast. 68.5% or AZN 1.396 bn accounted for revenues from the non-oil sector (by AZN 244.5 million or 21.2% more against the 2019 same term).