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Azerbaijan's public budget surpluses make up 3.3 percent of GDP in first half year

Business Materials 4 August 2010 20:43 (UTC +04:00)

Azerbaijan, Baku. August 4 /Trend, U.Ismayilova/

The Public budget income comprised 4922.7 million manats, or 25 percent of GDP in the first half of 2010. This index increased by 1.3 percent, compared to the same period in 2009, the government said.

Public budget expenditures decreased by 3.6 percent and made up 4276.7 million manat (17.7 percent of the GDP). The surpluses of the budget totaled 646 million manat (3.3 percent of GDP).

The Taxes Ministry remitted 40.7 percent of all income, or 2004.1 million manat to the Public budget. The State Customs Committee remitted 450.6 million manat (with a special weight of 9.2 percent) in taxes and duties to the public budget and other sources- 2468 million manat (50.1 percent).

In this period a total of 915.4 million manats was obtained from VAT, or 18.6 percent of all income, 728.5 million manat (14.8 percent) - profit taxes, 273.7 million manats (5.5 percent) - income taxes, 185.5 million manat (3.8 percent) - excise taxes, 37.9 million manats (0.8 percent) - property taxes, and 64.8 million manats (1.3 percent) - royalties and 132.1 million manat (2.7 percent) - taxes from foreign economic activities.

транспорт и связь - 21 миллион манатов (0,5 процентов), промышленность, строительство и сферу полезных ископаемых - 1317,7 миллионов манатов (30,8 процентов).

In January-June 2010, the public budget expense for social security and provision of people comprised 610.8 million manats (with a weight of 14.3  percent), 513.2 million manat (12 percent) was spent on education, 162.5 million (3.8 percent) - health, 279.7 million (6.5 percent) - maintenance of prosecutor bodies, security and law-enforcement and court bodies, 1633.4 million (38.2 percent) - investment allocations, 86.3 million (2 percent) - housing and communal services, 140.8 million (3.3 percent) - agriculture, fishing, 21 million manat (0.5 percent) - transport and communications, and 33.5  percent (1432.5 million manats) of Public expenses were spent on the payment of salaries, pension and allowances.

Official rate on August 4 is 0.8033 AZN/USD.

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