In the first quarter of 2020, the incomes of the state budget amounted to AZN 7,810.9 mln., while the expenditures of the state budget amounted to AZN 5,254.8 mln., and the budget excess (surplus) in the amount of AZN 2,556.1 mln. was developed, “APA-Economics” reports citing the (operative) information issued by the Ministry of Finance and related to the implementation of the state budget in the first quarter of 2020.
The report says in the first quarter of 2020, the implementation of the incomes of the state budget exceeded the planned figure by AZN 7,810.9 mln. or surpassed the quarterly forecast by 35.9%. 32.5% or AZN 2,536.3 mln. of those funds fell on the share of revenue receipts from the non-oil sector.