Share of non-oil sector in state budget of Azerbaijan to increase by 12% next year

Share of non-oil sector in state budget of Azerbaijan to increase by 12% next year
  • Clock-gray 13:22
  • calendar-gray 07 November 2019

Share of non-oil sector in state budget of Azerbaijan for 2020 is expected to increase by 16.4% (AZN 1 496,1 mln.) and 12% (AZN 1 136,8 mln.) in comparison with relatively performance indicators of 2018 and forecasted performance indicators of 2019, APA-Economics reports citing comment of the Chamber of Accounts of the Republic of Azerbaijan on “State budget for 2020”.

In oil sector, an increase of 1% (AZN 129,5 mln.) and a decrease of 1.2% (AZN 170,3 mln.) are expected next year in comparison with relatively performance indicators of 2018 and 2019.

In total, share of oil sector in state budget revenues, forecasted for 2020, is AZN 13 530,0 mln. or 56.1%, while share of non-oil sector is AZN 10 604,5 mln. or 43.9%.

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