Azerbaijan posts nearly 40% increase in budget surplus

Azerbaijan's state budget revenues totaled 35.63 billion manats ($20.96 billion) in January–November, while expenditures amounted to 31.41 billion manats ($18.48 billion), Report informs, citing the Ministry of Finance.

Compared to the same period last year, revenues increased by 4.6% and expenditures by 1.2%. Budget revenues were executed 0.9% above the forecast.

As a result, the budget recorded a surplus of 4.21 billion manats ($2.48 billion) over the 11-month period, marking a 39.5% increase compared with a year earlier.