According to the ministry, this is 1.3% less than forecast, meanwhile 47.6% more compared to the same period last year.
During the reporting period, the share of the oil and gas sector in budget revenues was 47.6%.
In the first nine months of 2024, 27.4% or 3.62 billion manats ($2.12 billion) of the oil and gas sector revenues in the state budget came through tax authorities, while 72.6% or 9.59 billion manats ($5.64 billion) came from transfers from the State Oil Fund to the state budget.
Of the oil and gas revenues received by the state budget through tax authorities, 47.8% or 1.73 billion manats ($1.01 billion) came from profit tax on the Shah Deniz field, 36.8% or 1.33 billion manats ($780 million) from relevant taxes paid by the State Oil Company of Azerbaijan (SOCAR), and 15.4% or 558 million manats ($328.24 billion) from profit tax of the Azerbaijan International Operating Company.
AzVision.az
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