Azerbaijan, Baku, 16 April / Trend, A. Akhundov /
Revenues of Azerbaijan's consolidated budget in the first quarter of 2013 amounted to over 5.573 billion manat, the Ministry of Finance said on Tuesday.
The expenditure part of the consolidated budget over the year increased by over 1.713 million manat, or 53.7 percent to 4.906 billion manat.
According to the report, the state budget revenues in the reporting period amounted to about 4.670 billion manat, expenses - about 4.515 billion manat, resulting in a surplus of 1.548 billion manat.
In the first quarter of 2013, revenues to the state budget exceeded the planned targets by 31 percent and the figure from the same period last year - by 33.9 percent.
The Ministry of Taxes of Azerbaijan has exceeded the forecast for contributions to the state budget by 3.2 percent, and provided about 1.524 billion manat from tax collections, which exceeds the corresponding figure for the same period of last year by 133 million manat, or 9.6 percent.
The State Customs Committee exceeded the forecast for contributions to the state budget by 0.3 percent and provided the transfer of 289.5 million manat or 15 percent more than the corresponding figure for the same period last year.
The State Oil Fund's transfers to the state budget amounted to over 2.840 million manat. Other income replenished the budget by 16.2 million manat.
Budget expenditure for January-March exceeded the figure for the same period last year to about 1.672 billion manat or by 58.8 percent.
During the reporting period, social expenses amounted to 1.164 billion manat, or 25.8 percent of the funds transferred to the state budget.
Investment expenditures of the state budget in the first quarter of 2013 increased by 1.9 times or 929 million manat compared to the same period last year, reaching 1.913 billion manat.
In the first quarter of the construction and reconstruction of education, health, social, sports and other social and cultural and community purpose was directed 255 million manat was directed to construction and reconstruction of educational, health care, social, sports and other facilities and 1.688 billion manat was directed to construction and reconstruction of infrastructure in the energy, water supply, gas supply sectors, road, air and underground transport and irrigation.
The official exchange rate on April 16 is 0.7847 AZN / USD.