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PUBLIC BUDGET

Politics Materials 5 October 2006 12:10 (UTC +04:00)

In January to August 2006 the public budget incomes comprised 2427.8m manats, or 23.6% of the GDP. They rose 94.7%, or 1180.8m manats as compared to last year. The public budget expenses rose 71.1% (895.9m manats) and made up 2155.3m manats (20.9% of the GDP).

The surplus of the public budget comprised 272.5m manats, or 2.6 of the GDP.

In January to August 2006 the Ministry of Taxes remitted 66.4% of all incomes, or 1612.7m manats to the public budget against the forecast of 101.9%. As of preliminary data, the State Customs Committee remitted 338m manats in taxes and duties to the public budget, fulfilling the forecast by 101.9%.

In this period a total of 491.9m manats was obtained from the VAT, or 20.3% of all incomes, 327.3m manats (13.5%) profit taxes, 198.4m manats (8.2%) income taxes, 108.6m manats (4.5%) excise taxes, 173.8m manats (7.2%) taxes from foreign economic activities

Over the first 8 months of 2006 the public budget expense for social security and provision of people comprised 205.3m manats (9.5%). 312.8m manats (14.5%) was sent on education, 147.3m manats (6.8%) maintenance of prosecutor bodies, security and law-enforcement and court bodies, 768m manats (35.6%) - on expenses linked with the investment activities. 37.7m manats (1.7%) housing and communal services, 503.8m manats (23.3%) industry and construction, 98m manats (4.5%) agriculture, forestry and fishing. 31.6% (682.1m manats) of budget expenses was directed at payment of wages, pensions and benefits.

Execution of public budget in January to August 2006

Articles

January August 2006

Special weight, in %

In respect to January to August 2005, in %

Fulfillment in mln manats

In total

In GDP

Incomes in total

2427,8

100,0

23,6

194,7

Including:

Income taxes from population

198,4

8,2

1,9

128,0

Profit taxes

327,0

13,5

3,2

181,1

Land taxes

11,7

0,5

0,1

121,9

Property taxes

35,1

1,4

0,3

136,0

VAT

491,9

20,3

4,8

132,2

Excises

108,6

4,5

1,1

121,7

Tax for natural wealth

54,8

2,2

0,5

128,3

Taxes linked with foreign economic activities

173,8

7,2

1,7

168,9

Including:

Import duties

90,0

3,7

0,9

141,7

Non-tax incomes and duties

517,9

21,3

5,1

-

Including:

Tax incomes in foreign currency

491,6

20,2

4,8

-

Other incomes

508,6

20,9

4,9

3,0СЂ

Expenses in total:

2155,3

100,0

20,9

171,1

Including:

State expenses

204,2

9,5

2,0

195,8

Including:

Memberships fees to the international organizations

4,1

0,2

0,04

102,5

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

147,3

6,8

1,4

120,9

Education

312,8

14,5

3,0

135,6

Healthcare

90,8

4,2

0,9

141,0

Social security and social provision

205,3

9,5

2,0

105,0

Culture, arts, physical culture, and religious activities

39,4

1,8

0,4

144,3

Economic expenses

768,0

35,6

7,4

2,6СЂ

Of them:

Communal economy

37,7

1,7

0,4

146,7

Agriculture, forestry and fishery

98,0

4,5

1,0

153,6

Industry and construction

503,8

23,3

4,9

5,3СЂ

Transport and communications

48,7

2,3

0,5

62,6

Other expenses

387,5

18,1

3,8

175,6

Surplus

272,5

-

2,6

-

Source: State Customs Committee and Finances Ministry

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