Bank Of Baku

Share of non-oil revenues in the budget increased by up to 53% this year

Share of non-oil revenues in the budget increased by up to 53% this year
# 13 April 2022 15:46 (UTC +04:00)

In January-March of 2022, revenues of the state budget made up AZN 7 009,6 mln. which is 6,3% more in comparison to the forecast year, while 22,2% more in comparison to the same period of the previous year, according to the calculations of APA-Economics based on the information of the Ministry of Finance.

47,3% of revenues are from oil sector, while 52,7% are from non oil sector. The budget share of oil revenues decreased by 6,6% percentage point, share of non-oil sector increased by 6,6 percentage point.

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