Expenses of Azerbaijan’s state budget exceed revenues

In January-May 2019, revenues of Azerbaijan’s state budget amounted to 8.999 billion manats, which is 9.1 percent more compared to January-May 2018, Trend reports referring to the country’s State Statistical Committee.

Moreover, during the reported period, expenses increased by 24.1 percent and reached 9.426 billion manats.

Thus, the state budget deficit amounted to 426.8 million manats. Last year, there was surplus of 650.8 million manats during the same period.

Azerbaijan’s GDP in January-May 2019 amounted to 30.608 billion manats.