Forecast of revenues from land lease increased by 11%

The Azerbaijani government expects revenues from leasing state-owned lands will amount to 10 million manats ($58.87 million) next year, Report informs, referring to the bill "On State Budget 2023."

According to the document, this is 11.1% more than the approved forecast for 2022.

Azerbaijan's 2023 state budget revenues are expected at 30.720 billion manats ($18 billion), and the expenses are expected at 33.3 billion manats ($19.6 billion). These are 5.2% and 3.1% higher than the approved forecasts for 2022, respectively. As a result, a deficit of 2.579 billion manats ($1.5 billion) is expected in the state budget, down 16.95% from the previous year.