The budget surplus for February 2015 amounted to 80.1 million manat (AZN), which is 61.8 percent more compared to the same period last year.
In February 2015, actual revenues to the state budget of Azerbaijan totaled 2.762,4 billion manat (38.8 percent of GDP), or 11.2 percent less compared to the same period of last year.
State budget expenditures decreased by 12.4 percent and amounted to 2.682,3 billion manat (37.7 percent of GDP).
In the structure of revenues, 40 percent (1.104,8 billion manat) were ensured through the Ministry of Taxes. Revenues from customs duties and taxes totaled 209.5 million manat (with a weight of 7.6 percent), through other sources - 1.448,1 billion manat (52.4 percent). Tax collections decreased by 10.4 percent (128.8 million manat), customs charges increased by 6.6 percent (12.9 million manat), and revenue from other sources decreased by 13.9 percent (233.8 million manat).
During the reporting period, some 469.2 million manat were transferred to the state budget from the value added tax, which is 17 percent of total income, profit taxes totaled 366.3 million manat (13.3 percent), income tax - 165 million manat (6 percent), excise tax - 100.2 million manat (3.6 percent), property tax - 22.8 million manat (0.8 percent), land tax - 6.7 million manat (0.2 percent), tax on mineral resources - 19.4 million manat (0.7 percent), taxes on foreign economic activity - 77.3 million manat (2.8 percent).
Some 359.1 million manat (with a weight of 13.4 percent) from the budget were spent for social security and protection of the population, 140.2 million manat (5.2 percent) - for education, 60.6 million manat (2.3 percent) - health care, 124.9 million manat (4.7 percent) - maintenance of the prosecution, security, law enforcement, judicial bodies, 1.441,1 billion manat (53.7 percent) - investments in the economy.
Around 21 percent (564 million manat) of public expenditure were spent on payment of salaries, pensions and benefits.
Revenues of the state budget for 2015 were estimated at 19.438 billion manat, expenses - 21.1 billion manat. Budget forecasts were formed at an oil price of $90 per barrel.
Execution of public budget in January-February 2015
|
Items |
Jan.-Feb. 2015 |
Specific weight, в % |
Compared to Jan.-Feb. 2014, % |
|
|
Execution, mln AZN |
total |
In GDP |
||
|
Income in total |
2762,4 |
100,0 |
38,8 |
88,8 |
|
Including: |
||||
|
Income taxes from population |
165,0 |
6,0 |
2,3 |
114,8 |
|
Profit taxes |
366,3 |
13,3 |
5,1 |
83,9 |
|
Land taxes |
6,7 |
0,2 |
0,1 |
94,4 |
|
Property taxes |
22,8 |
0,8 |
0,3 |
110,1 |
|
VAT |
469,2 |
17,0 |
6,6 |
99,9 |
|
Excises |
100,2 |
3,6 |
1,4 |
67,4 |
|
Tax for natural wealth |
19,4 |
0,7 |
0,3 |
91,9 |
|
Tax on external economic activities |
77,3 |
2,8 |
1,1 |
80,9 |
|
Including: |
||||
|
Import duties |
46,6 |
1,7 |
0,7 |
123,0 |
|
Other taxes |
46,9 |
1,7 |
0,7 |
159,0 |
|
Other income |
1488,6 |
53,9 |
20,9 |
85,6 |
|
Expenses in total: |
2682,3 |
100,0 |
37,7 |
87,6 |
|
State expenses |
||||
|
Including: |
153,9 |
5,7 |
2,2 |
92,0 |
|
Membership fees to the international organizations |
||||
|
Maintenance of legal authorities, law-enforcement bodies, security and prosecution bodies |
30,0 |
1,1 |
0,4 |
111,9 |
|
Education |
124,9 |
4,7 |
1,8 |
98,7 |
|
Health |
140,2 |
5,2 |
2,0 |
93,2 |
|
Social security and social provision |
60,6 |
2,3 |
0,8 |
102,7 |
|
Culture, art, physical culture, and religious activities |
359,1 |
13,4 |
5,0 |
96,9 |
|
Expenses on economy |
23,8 |
0,9 |
0,3 |
78,8 |
|
Expenses in total: |
1441,1 |
53,7 |
20,3 |
76,3 |
|
Including: |
||||
|
Housing and communal economy |
17,7 |
0,7 |
0,2 |
75,3 |
|
Agriculture, forestry and fishery |
22,5 |
0,8 |
0,3 |
69,2 |
|
Industry and construction |
1383,1 |
51,6 |
19,4 |
76,1 |
|
Transport and communications |
8,3 |
0,3 |
0,1 |
93,3 |
|
Other expenses |
378,7 |
14,1 |
5,3 |
140,3 |
|
Surplus |
80,1 |
- |
1,1 |
- |
Source: State Statistics Committee and Ministry of Finance