SOCAR pays $850 million in taxes to the state budget of Azerbaijan in 2021
“In 2021, SOCAR paid taxes to the state budget of Azerbaijan in the amount of 1.45 billion manats ($850 million) against the figure of 2020…
Azerbaijan’s state budget revenues for 2022 will be 54% from oil revenues
On December 23, President of Azerbaijan Ilham Aliyev approved the law “On the state budget for 2022. “According to the document, state budget revenues for…
In 2022, 52.4% of Azerbaijan’s budget revenues will come from the oil sector
The Cabinet of Ministers of Azerbaijan presented the draft state budget and the consolidated budget for consideration by the President of Azerbaijan. This was reported…
The state budget of Azerbaijan for 2022 is based on the oil price of $ 45/bbl
The government of Azerbaijan predicts state budget revenues for 2022 at the level of 26 billion 407 million manats (an increase of 8.6% compared to…
Transfers from Oil Fund to State Budget to Be Reduced
The Government of Azerbaijan plans in 2019-2021 to reduce transfers from the State Oil Fund (SOFAZ) to the state budget by 28.8% – up to…