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Public budget of Azerbaijan (january-june 2014)

Analysis Materials 12 August 2014 17:13 (UTC +04:00)

The revenues of the Azerbaijani state budget for the first half of 2014 were ensured at 101.6 percent, amounting to 9.338.8 billion manat, while expenditures - at 94.7 percent (8.723.8 billion manat). The state budget surplus in the first half of this year amounted to 615 million manat.

Some 3.578.6 billion manat (38.3 percent) in the structure of revenues is ensured by the Ministry of Taxes.

Revenues from customs duties and taxes amounted to 732.8 million manat (7.8 percent).
Tax collections increased by 7.9 percent, the customs duties - by 14.5 percent compared to the same period of 2013.

Some 4.883.8 billion manat (52.3 percent of revenues) were transferred from the State Oil Fund of Azerbaijan (SOFAZ) to the budget as a transfer.

Some 30.3 percent or 2.644.9 billion manat fell to the social expenditure, which is 14.5 percent more than in the first half of 2013. Some 23.1 percent of costs (28.7 million manat) accounted for housing and utilities, 7.6 percent (44.5 million manat) - expenditure on education, 7.6 percent (19.6 million manat) - expenditure on health.

Defense expenditures of the Azerbaijani state budget in January-June 2014 amounted to 154.2 million manat, which is 24.5 percent more than in the same period of last year.

The revenues of the Azerbaijani consolidated budget in the first half of this year amounted to 11.537.4 billion manat, which is 2.5 percent more than in the same period of last year, expenses - 9.913.1 billion manat, increasing by one percent.

The state budget revenues for 2014 are planned to hit 18.384 billion manat, while expenses - at the level of 20.063 billion manat.

Execution of public budget in January-June 2014

Items

Jan.-June 2014

Specific weight, %

Compared to Jan.-June 2013, %

Execution,

mln manat

total

In GDP

Income in total

9338,9

100,0

32,5

98,1

Including:

Income taxes from population

460,4

4,9

1,6

116,5

Profit taxes

1183,2

12,7

4,1

91,3

Land taxes

18,4

0,2

0,1

123,5

Property taxes

68,9

0,7

0,2

118,0

VAT

1529,4

16,4

5,3

121,6

Excises

401,9

4,3

1,4

139,4

Tax for natural wealth

65,6

0,7

0,2

109,0

Tax on external economic activities

362,7

3,9

1,3

114,5

Including:

Import duties

184,1

2,0

0,6

141,7

Other taxes

91,3

1,0

0,3

111,1

Other income

5157,1

55,2

18,0

89,6

Expenses in total:

8723,9

100,0

30,4

99,9

Including:

State expenses

619,1

7,1

2,2

81,2

Including:

Membership fees to the international organizations

59,5

0,7

0,2

112,9

Maintenance of legal authorities, law-enforcement bodies, security and prosecution bodies

461,9

5,3

1,6

107,3

Education

627,0

7,2

2,2

107,7

Health

277,0

3,2

1,0

107,6

Social security and social provision

987,4

11,3

3,4

108,9

Culture, art, physical culture, and religious activities

137,1

1,6

0,5

119,5

Expenses on economy

4087,2

46,8

14,2

106,2

Including:

Housing and communal economy

153,0

1,8

0,5

123,1

Agriculture, forestry and fishery

195,5

2,2

0,7

98,8

Industry and construction

3556,3

40,8

12,4

106,9

Transport and communications

37,1

0,4

0,1

106,3

Other expenses

1527,2

17,5

5,3

83,6

Surplus

615,0

-

2,1

-

Source: State Statistics Committee and Ministry of Finance

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