State Tax Service increases budget transfers by more than 73% 

In January-July 2022, the State Tax Service under the Ministry of Economy transferred 9,136,600,000 manats (over $5.37 billion) to the state budget, up 8.7% from the forecast, 73.2% or 3.9 billion manats ($2.29 billion) from a year earlier, Report informs.

The Service transferred 5,181.2 million manats ($3.05 billion) to the state budget from the non-oil and gas sector, up 35.9% or 1,368,000,000 manats ($0.8 billion) from the previous year. The forecast was fulfilled by 101.1%, The transfers exceeded the estimates by 56,785,900 ($33.4 million).