Baku: Non-oil and gas revenues in Azerbaijan’s state budget exceeded AZN 10 billion in the first half of 2025, comprising 51.9% of the total state budget revenues for the period.

According to Azeri-Press News Agency, revenues from the non-oil and gas sector amounted to 10 billion 277.3 million manats, which is 457 million manats (4.7%) higher than forecasted and 232.3 million manats (2.3%) more than the same period in 2024.

It was reported that in the first half of this year, 62.4% (6,417.6 million manats) of non-oil and gas revenues were collected through tax authorities, 30.1% (3,091.1 million manats) through customs authorities, 3.0% (312.2 million manats) from paid services of state-funded organizations, 4.3% (434.5 million manats) from other sources, and 0.2% (21.9 million manats) from leasing state property.

The revenues exceeded forecasts for January-June 2025, with tax revenues through tax authorities surpassing expectations by 218.6 million manats (3.5%) and customs collections by 4.1 million manats (0.1%). Revenues from leasing state property and other sources increased by 319.2 million manats (3.3 times), whereas paid service revenues from budget-funded organizations fell short by 84.9 million manats (21.4%).

Revenues from the oil and gas sector during the same period amounted to 9 billion 526.6 million manats, which is 247.8 million manats (2.7%) higher than forecasted and 728.8 million manats (8.3%) more than in the same period of 2024. Of these oil and gas revenues, 24% (2,286.1 million manats) came through tax authorities, with 76% (7,240.5 million manats) from the State Oil Fund’s transfers to the state budget.

For the first half of 2025, state budget revenues totaled 19 billion 803.9 million manats, expenditures reached 17 billion 95.6 million manats, resulting in a budget surplus of 2 billion 708.3 million manats.