Azerbaijan, Baku, May 18 / Trend A. Akhundov /
The parliamentary committee on economic policy has today recommended discussing the bill on the state budget-2011 in the Azerbaijani Parliament.
Deputy Finance Minister Azer Bayramov submitted a bill and said that the revenues of the state budget were fulfilled by 100.9 percent in 2011.
"Last year, state budget revenues amounted to 15.700.7 billion manat compared to the forecast of 15.554.2 billion manat, which exceeds the index of 2010 by 4.297.7 billion manat or 37.7 percent," Bayramov said.
He said that the share of budgetary revenues in GDP was 31.4 percent. About 34.9 percent of state budget revenues were ensured through income obtained from the Ministry of Taxes, 7.3 percent - State Customs Committee, 57.3 percent - the State Oil Fund, 0.5 percent - from other sources.
He said that the expenses in 2011 were fulfilled by 96.6 percent and totaled 15.397.5 billion manat compared to the forecast of 15.941.2 billion manat. This exceeds the index of 2010 by 30.9 percent, or 3.631.6 billion manat.
"The share of budget expenditures in GDP was 30.8 percent, exceeding the previous year index by 3.1 percent," he said. About 46.2 percent or 7.115.4 billion manat in the structure of expenditure were spent to current expenditures, 51.6 percent or 7.938.3 billion - main expenses, 2.2 percent or 343.8 million manat - to serve external debt and other obligations of the state."
He said that the budget was executed with a surplus of 303.2 million manat in 2011.
"As of January 1, 2012, the balance on a single treasury account of the state budget amounted to 382.9 million manat," Bayramov said.
The official exchange rate is 0.7858 AZN/USD on May 18.