Core Insights - Azerbaijan's budget revenue for January to August 2025 reached 26.36 billion manats (15.51 billion USD), exceeding expectations by 2.7% [1] - The State Tax Service under the Ministry of Economy generated revenue of 11.56 billion manats (6.8 billion USD), surpassing expectations by 5.4% [1] - The State Oil Fund's transfers amounted to 9.65 billion manats (5.68 billion USD), achieving 100% of its revenue target [1] - The State Customs Committee's revenue was 4.16 billion manats (2.45 billion USD), meeting 98.1% of expectations [1] - The revenue from paid services by budget-funded institutions was 420 million manats (25 million USD), which is 75.6% of the expected level [1] - The State Property Committee generated revenue of 30.3 million manats (1.78 million USD), while other income totaled 530 million manats (310 million USD) [1] - Total budget expenditure for the same period was 22.31 billion manats (13.12 billion USD), below the expected level of 23.73 billion manats (14 billion USD), with an execution rate of 94% [1] - The national budget surplus reached 4.05 billion manats (2.38 billion USD) [1]

Core Insights - Kyrgyzstan's national budget surplus for the first half of 2025 is approximately $700 million [1] Financial Performance - National budget revenue reached 306 billion som (approximately $3.5 billion), accounting for 43% of GDP, with a year-on-year increase of 38.6% [1] - National budget expenditure totaled 245.7 billion som (approximately $2.8 billion), representing 34.5% of GDP, which is a 35% increase compared to the previous year [1] - The national budget surplus was recorded at 60.3 billion som (approximately $700 million), making up 8.5% of GDP, reflecting a year-on-year growth of 60% [1]

Core Insights - Azerbaijan's budget revenue for January to July 2025 reached 23.48 billion manats (approximately 1.381 billion USD), reflecting a year-on-year growth of 4% [1] - The national budget surplus for the same period was 3.54 billion manats (approximately 208 million USD), showing a year-on-year increase of 13% [1] - The State Oil Fund of Azerbaijan (SOFAZ) transferred 8.45 billion manats (approximately 497 million USD) to the national budget, achieving 100% of the expected target [1]