Azerbaijan sees growth in state budget revenue forecast for 2024

Azerbaijan's state budget revenues for last year totaled 37.2 billion manat ($21.9 billion), exceeding forecasts by 2.1% and showing a 5.5% increase compared to 2023. The revenues accounted for 29.4% of GDP, with major contributions from tax authorities (42.5%), the State Oil Fund (34.4%), and customs duties (17.9%).
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