Azerbaijan’s budget revenues from non-oil & gas sector increase by over 2%

In the first half of 2025, Azerbaijan's state budget revenues from the non-oil and gas sector exceeded 10.277 billion manats ($6.045 billion), which is 4.7% above forecast and 2.3% higher compared to the same period in 2024, Report informs, citing the country’s Finance Ministry.

During the reporting period, the non-oil and gas sector accounted for 51.9% of all budget revenues.

In the first half of the year, 62.4% of the revenues from the non-oil and gas sector (or over 6.417 billion manats) came through tax authorities, while 30.1% (or just over 3.091 billion manats) was collected through customs authorities.

Additionally, 3% (or 312.2 million manats) came from paid services provided by organizations funded from the state budget; 4.3% (or 434.5 million manats) from other sources; 0.2% (or 21.9 million manats) from the leasing of state-owned property

Compared to forecasts for the six-month period, revenues from tax authorities exceeded expectations by 218.6 million manats or 3.5%; customs authorities increased by 4.1 million manats or 0.1%; leasing of state property and other sources rose by 319.2 million manats—about 3.3 times more than forecast.

On the other hand, revenues from paid services of state-funded organizations were 84.9 million manats or 21.4% lower than projected.

As of now, the exchange rate stands at 1 US dollar equaling 1.70 Azerbaijani manats (USD-AZN).