Surplus of Azerbaijani public budget makes up 2.1 percent of GDP
Azerbaijan, Baku, Sept. 3 / Trend N.Ismayilova /
In January -July 2010, the public budget income comprised5734.2 million manats, or 24.3 percent of GDP. This index increased by 0.5 percent, compared to the same period in 2009, the government said.
Public budget expenditures decreased by 0.6 percent and made up 5244.1 million manat (22.7 percent of the GDP). The surpluses of the budget totaled 490.1 million manat, or 2.1 percent of GDP in January-July.
The Taxes Ministry remitted 43.3 percent of all income, or 2483 million manat to the Public budget. The State Customs Committee remitted 540.8 million manat (with a special weight of 9.4 percent) in taxes and duties to the public budget and other sources remitted 2710.48 million manat (with a special weight of 947.3 percent).
During the report period, a total of 1087.7 million manats was obtained from VAT, or 19 percent of all income, 952.6 million manat (16.6 percent) - profit taxes, 330.7 million manats (5.8 percent) - income taxes, 239.6 million manat (4.2 percent) - excise taxes, 40.1 million manats (0.7 percent) - property taxes, and 74.4 million manats (1.3 percent) -royalties and 160.3 million manat (2.8 percent) -taxes from foreign economic activities.
The public budget expense for social security and provision of people comprised 719 million manats (with a weight of 13.7 percent), 692.1 million manat ( 13.2 percent) was spent on education, 211.6 million (4 percent) - health, 331.3 million (6.3 percent) - maintenance of prosecutor bodies, security and law-enforcement and court bodies, 1994.1 million (38 percent)- investment allocations, 107.8 million (2.1 percent) - housing and communal services, 165.7 million (3.2 percent) - agriculture, fishing, 24.1 million (0.5 percent) - transport and communications, and 33.6 percent (1760.2 million manats) of Public expenses were spent on the payment of salaries, pension and allowances.
The official exchange rate is 0.8035 manat to $3 Sept. 3.
Do you have any feedback? Contact our journalist at: [email protected]