15:55 - 13.10.2026

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October 13, Fineko/abc.az. Tax revenues also observed rise in the Nakhchivan Autonomous Republic, along with economic growth.

The NAR Ministry of Economy informs that for Jan–Sept 2026, the budget received more than 201.7 million manats through the State Tax Service (18.4 million manats, or 10.1% more versus Jan-Sept 2025).

Tax revenues from the non-governmental sector increased by 17.1%, reaching 150.2 million manats (74.4% of all taxes collected).

At that, the upper limit of the subsidy provided from the State Budget of Azerbaijan to the NAR budget 2026 is set at 211.628 million manats.

According to the analysis of the Draft State Budget by the Accounts Chamber of Azerbaijan, this subsidy made up 43.8% of the projected revenues of the Nakhchivan budget. The indicated amount reflects the annual financing plan, and not the amount of funds actually transferred in nine months.

As for the forecasts for the development of the Azerbaijani economy as a whole, the International Monetary Fund in its October report expects GDP growth of 1.7% in 2026 and 2.3% in 2027.

The updated forecast of the Azerbaijani government also expects economic growth of 1.7% this year. In a forecast published in July, the Central Bank of Azerbaijan estimated GDP growth at 0.5% in 2026 and 2.6% in 2027.