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of Finance of the Kyrgyz Republic and the “Agreement on cooperation and mutual assistance for improving customs administration between the State Customs Committee of the Republic of Azerbaijan and the State Customs Service under the Ministry of Finance of the Kyrgyz Republic.”
In the first quarter of this year, 118.8 million manats ($69.84 million), or 1.3%, of the revenues of the state budget of Azerbaijan were transferred from paid services of budget-funded organizations, Report informs, citing the Ministry of Finance.
Some 9.2 million manats (about $5.41 million) or 0.1% of the revenues of the state budget of Azerbaijan fell to the share of transfers from the leasing of state property in the first three months of 2024, Report informs via the Ministry of Finance.
In the first quarter of 2024, the expenses on servicing the government debt and obligations of Azerbaijan amounted to 1.088 billion manats (about $640 million), 5.5 times more than the corresponding period of last year, Report informs with reference to the Ministry of Finance.
In the first quarter of this year, 159.4 million manats ($93.7 million), or 1.7% of the transfers to the state budget of Azerbaijan, fell to the share of other income, Report informs, citing the Ministry of Finance.
In the first quarter of 2024, the budget transfers from the State Customs Committee (SCC) amounted to 1,469,900,000 manats ($864.18 million), or 15.9%, of the total budget transfers, Report informs, citing the Ministry of Finance.
Report informs, citing the Ministry of Finance, that this represents an increase of 18.9% and 23.7% year-on-year, respectively. As a result, a surplus of 3,348.9 million manats ($1.97 billion) was formed in the consolidated budget, a decrease of 58.5% year over year.
of Finance.
The funds raised have made a significant contribution to the stability of the financial system of our country,” the press service of the Ministry of Finance quotes him as saying.