In January-May financial revenues from banks and insurance companies through the Ministry of Taxes to Azerbaijan’s state budget increased by 48.4% YoY.
The total revenue value from banks and insurance companies for the reporting period amounted to 180.2 million manats. Over a quarter of all tax transfers accounted for the industrial sector – 560.9 million manats (+1.2%).
Major revenues to the state budget came from the service sector – 343.9 million manats (+22.6%) and construction – 342.9 million manats (+9.6%).
Tax revenues in the trade sector increased by 13.3%, reaching 238.1 million manats.
Significant increase in tax transfers is observed in the sectors of communication and transport – 40.6% and 26.1%, reaching 129.4 million manats and 137.3 million manats, respectively.
The lowest revenues to the state budget were recorded in the agricultural sector – 3.1 million manats.
In January-May tax revenues from the Ministry of Taxes to the state budget of Azerbaijan amounted to 3.139 billion manats, up by 239.9 million manats or by 8.3% YoY. The forecast was executed by 110.1%. (Trend/Business World Magazine)
