Tax revenues to grow by about 8% next year


November 13, Fineko/abc.az. State Budget revenues are projected to increase by 56.1% or AZN 13.5 bn and non-oil revenues by 43.9% or AZN 10.6 bn.

ABC.AZ reports that the statement on the occasion was announced today at the plenary session of the parliament during the adoption of the Bill on State Budget 2020.

It was noted that next year’s State Budget is expected to receive AZN 7.875 bn as revenues from tax authorities (by AZN 559 million or 7.6% more against this year), AZN 4 bn from customs bodies (AZN 298 million or 8% more versus 2019), and AZN 11.35 bn from the State Oil Fund (SOFAZ) (AZN 14 million less than this year).