Bank Of Baku

Budget forecast on Ministry of Taxes for 2011 reduced

Budget forecast on Ministry of Taxes for 2011 reduced
# 11 October 2010 12:28 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. The means forecasted to be paid to state budget by Ministry of Taxes in 2011 was reduced by 1.1% to AZN 4 420 mln, Ministry of Finance Samir Sharifov informed.

Of this, 38% is for oil sector that down 14.7% or AZN 290 mln compared with 2010. 62% is for non-oil sector that up 9.6% from current year.

Income on local revenue of regions and cities (excluding Baku) via Ministry of Taxes are planned to be AZN 449 mln in 2011, up 3.6% compared with 2010.
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