Azerbaijani State Customs Committee does not expect increase in payments forecast to budget in 2012
Azerbaijan, Baku, June 5 / Trend A.Akhundov /
The State Customs Committee (SCC) of Azerbaijan does not expect an increase in the forecast for payments to the state budget at the end of the year, head of State Customs Committee Aydin Aliyev told reporters on Tuesday.
As a result of adjusting the budget projections for 2012, revenues and expenditures of the state budget increased by 600 million manat - up to 17.038 billion manat (an increase compared to the previously approved forecast of 3.7 per cent, compared the actual execution of the last year's budget - by 8.5 per cent) and 17.672 billion manat (3.5 per cent and 14.8 per cent respectively).
Increase in revenues of budget by 600 million manat will be achieved through additional tax revenues on oil and non-oil sectors of the economy.
The remainder of the necessary funds amounting to 90 million manat will be provided through a reduction in some expenditure of the budget in 2012. The matter is reducing the costs of servicing the public debt by 50 million manat and non-budget expenditures of budgetary organisations by 40 million manat.
"The forecast for the State Customs Committee at the end of the year remains. Following five months we have carried out our targets," Aliyev said.
He said that in January-May, SCC transferred to the state budget over 454 million manat, which is higher than the same period last year by 12.9 million manat. The forecast for customs authorities in 2012 was 1.2 billion manat.
The official exchange rate is 0.7857 AZN to $1 on June 5.