Revenues, expenses of Azerbaijan's Digital Dev't & Transport Ministry soars 4 times

Revenues, expenses of Azerbaijan's Digital Dev't & Transport Ministry soars 4 times In 2022, the income of the Digital Development and Transport Ministry of Azerbaijan reached 111.397 million manats ($65.5 million) - 4.1 times more year-on-year, Report informs, citing the bank’s financial statements.
ICT
May 20, 2023 12:31
Revenues, expenses of Azerbaijan's Digital Dev't & Transport Ministry soars 4 times

In 2022, the income of the Digital Development and Transport Ministry of Azerbaijan reached 111.397 million manats ($65.5 million) - 4.1 times more year-on-year, Report informs, citing the bank’s financial statements.

Last year, the expenditures of the ministry increased by 4.15 times - up to 111.467 million manats ($65.55 million). Meanwhile, the ministry's expenses on wages and contributions to compulsory state social insurance decreased by 14.3% to 5.103 million manats ($3 million), and financial assistance and other transfers increased 5.2 times up to 105.435 million manats ($62 million).

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