Web Desk February 16, 2021

The report of the Ministry of Finance on the execution of the state budget of Azerbaijan for 2020 is contradictory and surprised me. Economist Gubad Ibadoglu said this in an interview with Turan. Recall that according to the Ministry of Finance, the revenue part of the state budget was executed by 24 billion 124 million manats, which is 2.3% more than the forecast. In the non-oil sector, state budget revenues amounted to 10 billion 677 million 200 thousand manats (more than the forecast by 5.4%). Through the State Tax Service, revenues to the state budget amounted to 7 billion 287 million 200 thousand manats (more than the forecast by 2.7%). Economic experts noted that most of 2020 has passed under the restrictions caused by the coronavirus pandemic. They recalled that due to strict quarantine measures, most entrepreneurs did not work for most of the past year and, accordingly, could not pay tax. It is precisely because of this that the official information about the overfulfillment of the forecast for revenues from the tax line caused distrust. According to Gubad Ibadoglu, the results do not correspond to economic laws and this cannot be


Source: Turan News Agency

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