Azerbaijan sees sharp decline in budget surplus

In January-November 2023, Azerbaijan’s budget revenues stood at 29,642 million manats ($17.3 billion) and expenditures at 29,155.2 million manats ($17.5 billion), respectively, up 2.3% and 12.2% from the previous year, Report informs, citing the State Statistical Committee.

Consequently, the surplus amounted to 486.8 million manats ($286.35 million), 83.8% less than the previous year.