Investments in fixed assets in regions announced

Over Jan-Mar 2024, the total output in Azerbaijan by region increased by 2.9% compared with Jan-Mar 2023 (in nominal terms) and amounted to 7.8 bn manats.

Azerbaijan's economic growth forecast updated

Fitch Solutions, owned by Swatch Group, has set the forecast for economic growth in Azerbaijan for 2024 at 2.6% unchanged.

Gross output by region increased by 2.9%

Tariff Council to set tariffs for connecting water supply and sewerage

Azerbaijan to increase State Budget at expense of these revenues

Azerbaijan has published due to which revenues the country’s State Budget 2024 will be increased, ABC.AZ reports, referring to the Ministry of Finance.

Azerbaijan's economy is projected to grow this year

Azerbaijan's economy is projected to grow by 3.8% in 2024.

Average annual growth rate in agriculture was below target growth rate

Reserves of finished gold in Azerbaijan grew 8-fold

Budget revenues from customs authorities drop by 3% — Report 

Turkic states to export products under Turan brand

Foreign exchange earnings from cotton export observed growth in Azerbaijan 

A meeting on Nakhchivan held in Cabinet Ministers

The Government of Azerbaijan held a meeting on the State Program of socio-economic growth of the Nakhchivan Autonomous Republic for 2023-2027

MP: Economy grew entirely at expense of non-oil/gas sector

Amount of taxes refunded over last 2 years made public

212.5 million manats allocated from budget to these funds

In 2023, most of State Budget spent in December

State Budget expenditures in 2023 were executed in excess of the forecast for 6 months and less than the forecast for 6 months.

Tax debt exceeded 2.8 bn manats last year

The debt on receipts from the State Tax Service amounted to 2.8 bn manats in 2023.

Last year, oil & gas sector reduced economic growth by 0.9 p.p.

In 2023, oil and gas GDP amounted to 45.343 bn manats, in real terms, a drop of 1.8% was recorded in this sector, thereby the oil and gas sector had downward impact on economic growth by 0.9 p.p.

Revenues from paid services of budget organizations last year were less than predicted

The execution amounted to 480.8 million manats or less by 376.2 million manats (43.9%) against the forecast of 857 million manats on revenues from paid services of budgetary organizations last year.

State Budget allocated 4.129 bn manats for education

The allocation of finances in the amount of 4.129 bn manats is stipulated in State Budget 2023 for education expenses.

Financing allocated for the year for restoration of liberated lands published

A total of 5.58 bn manats were allocated from State Budget 2023 for reconstruction and restoration of territories liberated from occupation.