Baku: Azerbaijan’s Ministry of Finance has reported that the country’s consolidated budget revenues have surpassed projections by 11% over the past 10 months. This growth reflects positive dynamics in the execution of the state budget, as observed by the treasury authorities who executed over 1 million 283 thousand payment orders, achieving high indicators in state budget revenues.

According to Azeri-Press News Agency, from January to October of the current year, Azerbaijan’s consolidated budget revenues reached 40,960.7 million manats, exceeding the ten-month forecast by 3,946.5 million manats or 10.7%. State budget revenues for the same period amounted to 32,891.4 million manats, surpassing the forecast by 536.8 million manats or 1.7%.

Revenues to the state budget through the State Tax Service amounted to 14,378.3 million manats, surpassing the forecast by 752.3 million manats or 5.5%. The State Property Service contributed 38.6 million manats, exceeding projections by 9.5 million manats or 32.6%. Other revenues totaled 614.8 million manats, beating forecasts by 156.1 million manats or 34.0%, while transfers from the State Oil Fund amounted to 12,067.5 million manats, achieving 100% of the forecast.

Meanwhile, revenues through the State Customs Committee amounted to 5,255.7 million manats, fulfilling 96.8% of the forecast, and revenues from paid services of state-financed organizations totaled 536.5 million manats, achieving 72.2% of the forecast.

In terms of expenditures, consolidated budget spending was executed at 32,691.7 million manats, marking an increase of 872.7 million manats or 2.7% compared to the same period last year. However, state budget expenditures amounted to 27,720.6 million manats, which is 387.6 million manats or 1.4% less compared to the previous year.