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