BAKU, Azerbaijan, October 7.
Tax revenues collected in Azerbaijan’s state budget through the
State Tax Service (STS) under the Ministry of Economy amounted to
13.6 billion manat ($8 billion), exceeding the forecast by 913.4
million manat ($537.3 million) from January through September
2026.
This was reflected in the State Tax Service’s report.
According to the report, tax revenues increased by 1.17 billion
manat ($691.5 million), or 9.4%, compared to the same period of
2025.
Tax revenues from the non-oil and gas sector amounted to 10.3
billion manat ($6 billion), with an additional 292.6 million manat
($172.1 million) paid to the budget above the forecast. Compared to
the same period of 2025, tax revenues from this sector increased by
1.16 billion manat ($0.68 billion), or 12.6%.
"From January through September 2026, revenues from mandatory
state social insurance contributions amounted to 5.06 billion manat
($2.9 billion), with an additional 267.2 million manat ($157.2
million) paid above the forecast. Revenues from non-budget
organizations exceeded 3.4 billion manat ($2 billion).
During the period, revenues from unemployment insurance
contributions exceeded 179.9 million manat ($105.8 million), with
an additional 8 million manat ($4.7 million) paid above the
forecast. Revenues from non-budget organizations amounted to nearly
139.5 million manat ($82.1 million).
Revenues from mandatory health insurance contributions amounted
to nearly 758.8 million manat ($446.4 million), with an additional
18 million manat ($10.6 million) paid above the forecast. Revenues
from non-budget organizations amounted to nearly 507 million manat
($298.2 million), the report said.
Amid a growth in the share of the non-oil and gas sector in tax
revenues, high figures are also projected for next year. The
forecasts for budget revenues through the STS, outlined in the
Ministry of Finance’s “Statement on the preliminary indicators of
the state and consolidated budgets for 2027,” confirm this.
According to the document, revenues through the STS are expected
to amount to 18.4 billion manat ($10.8 billion) in 2027. This
amount is projected to account for 47% of state budget
revenues.
The 2027 figure is expected to be 1.52 billion manat ($0.89
billion), or 9%, higher than the approved 2026 figure and 2.07
billion manat ($1.2 billion), or 12.7%, above the 2025 execution
figure.
The bulk of revenues through the STS next year is projected to
come from the non-oil and gas sector. Thus, 80.6% of revenues, or
14.8 billion manat ($8.7 billion), are expected to come from the
non-oil and gas sector, while 19.4%, or 3.58 billion manat ($2.1
billion), is projected to come from the oil and gas sector.
Thus, while the growth of the non-oil and gas sector in tax
revenues continued during the first nine months of 2026, the sector
has also been identified as the main source of budget revenues for
2027.
