Azerbaijan posts 5% growth in budget revenues through State Tax Service

In January-June of 2025, Azerbaijan’s state budget revenues through the State Tax Service (STS) under the Ministry of Economy exceeded 8.703 billion manats (approximately $5.12 billion), marking a 5.1% increase year-on-year, Report informs, citing the country’s Finance Ministry.

Tax revenues were executed 5.7% above the forecast.

For 2025, the STS is required to transfer 15.5 billion manats ($9.117 billion) to the state budget, of which 56.1% has already been achieved in the first six months.