Azerbaijan's state budget revenues increased by almost half

Azerbaijan's state budget revenues increased by almost half

Azerbaijan, Baku, July 12 /Trend A.Akhundov/

Azerbaijani state budget revenues amounted to 8.134 billion manat in the first half of 2012, or 106.2 per cent of the forecast which is 45 per cent higher compared to the same period last year, Minister of Finance Samir Sharifov said during a speech at a Cabinet meeting chaired by the President of Azerbaijan Ilham Aliyev and dedicated to the socio-economic development in the first half of 2012 and the upcoming challenges.

Ministry of Taxes of Azerbaijan, which exceeded forecasts for contributions to the state budget by 16 per cent, provided the proceeds from the collection of taxes at a level of 2.968 billion manat, which is 405 million manat, or 15.8 per cent higher compared to the same period last year.

Some 55 per cent or 1.633 billion manat accounted for the non-oil sector which is by 222 million manat, or 15.8 per cent higher compared to the same period last year.

The State Customs Committee, exceeded forecasts for contributions to the state budget by 0.4 per cent and provided the transfer of 557 million manat, which is 2.7 per cent higher compared to the same period last year.

Transfers of the State Oil Fund to the budget amounted to 4.592 billion manat. Other income supplemented the budget by 17 million manat.

Budget expenditures for January-June of this year totalled 7.11 billion manat, the performance of the forecast was at 91.4 per cent. Budgetary expenditures are 2.227 billion manat, or 45.6 per cent higher compared to the same period last year.

Investment expenditures of the state budget increased by 1.9 times in the first half of 2012 compared to the same period last year. Costs of economic activity were by 42.8 per cent, social protection and social security - 42.1 per cent, defence - 41.6 per cent, culture, art, information, and physical education - 36.9 per cent, the judiciary, police and prosecutors - 28 per cent, transport and communications - 19.4 per cent, health care - 16.2 per cent, agriculture, forestry farming, fishing, hunting and environmental protection - 6.3 per cent.

During the reporting period, the socio-directed expenditures amounted to 2.3 billion manat, or 32.3 per cent of funds received by the state budget which is by 370 million manat, or 19.2 per cent higher compared to the same period last year.

Some 514 million manat was directed to construction and reconstruction of science, education, health, sports facilities and other socio-cultural and domestic purposes in the first half of the year.

Some 1.476 billion manat were directed to the construction and reconstruction of infrastructure for water and gas, transport, irrigation, municipal infrastructure, of which 405 million manat were allocated to the construction and reconstruction of road and transport infrastructure, 118 million manat - to the performance of the state program on development of the Baku subway, 150 million manat - to the measures under the state program on socio-economic development of regions in 2009-2013, 154 million manat - to rehabilitation and reconstruction of water supply and sanitation, 156 million manat - improvement of water supply and reclaimed land.

Some 348 million manat through loans raised by the Government of Azerbaijan abroad in addition to the investment costs allocated from the state budget, were used for the construction and reconstruction of roads, water and land reclamation, agricultural, social and other infrastructure.

The Minister also informed about the beginning of the process of drafting the state and consolidated budgets of Azerbaijan in 2013 and the next three years.

Official exchange rate on July 12 is 0.7855 AZN/USD

Subscribe to Trend in Google News! Subscribe
Inflation accelerating worldwide: How Azerbaijan responds?
Inflation accelerating worldwide: How Azerbaijan responds?
Loan portfolio of Azerbaijani non-bank credit organization more than doubles
Loan portfolio of Azerbaijani non-bank credit organization more than doubles
Russian Economy Ministry talks about implementation of joint transport projects with Azerbaijan
Russian Economy Ministry talks about implementation of joint transport projects with Azerbaijan
Loading Bars
Latest
Turkmen state concern to purchase material and technical resources via tender
Georgia names main goods in domestic exports in 2021
Azerbaijani minister talks potential omicron infection rate among local COVID-19 patients
Azerbaijani people honor memory of victims of January 20 tragedy (PHOTO)
Iranian banks issue big loans in services sector
UN Resident Coordinator in Azerbaijan expresses condolences in connection with January 20 tragedy
Ambassador of Kazakhstan to Azerbaijan honors memory of victims of January 20 tragedy (PHOTO)
Uzbek association signs agreement with Russian enterprises to develop textile industry
Inflation accelerating worldwide: How Azerbaijan responds?
Azerbaijan honors memory of martyrs of January 20 tragedy by minute of silence (PHOTO/VIDEO)
Turkish embassy in Azerbaijan shares publication on 32nd anniversary of January 20 tragedy
Turkmenistan's TML eyes co-op with Ukraine's Smart Maritime Group
Uzbekistan to strengthen cooperation with Saudi company in energy field
Leadership of Azerbaijani MoD visits Alley of Martyrs (PHOTO)
Georgia’s revenues from tourism to surge in 2022 – Galt & Taggart
Iran provides several loans in trade sector
January 20 events strengthened resolve of Azerbaijani people for independence - aide to president
Embassy of Kazakhstan in Azerbaijan issues statement on 32nd anniversary of January 20 tragedy
Georgia publishes COVID-19 data for January 20
This irresponsible behavior of French FM also undermines bilateral international obligations of France - Azerbaijani MP
Uzbek Thermal Power Plants JSC to implement major investment projects
Kazakhstan increases production and import of kerosene for 10M2021
Iran reaches significant agreements with Russia in energy sector – minister
Valiant Azerbaijani people stood up for independence on January 20, 1990 - Turkish president's adviser
Loan portfolio of Azerbaijani non-bank credit organization more than doubles
Azerbaijan Transport Agency talks number of passengers on bus trips to liberated areas
Armenia must properly assess new geopolitical realities in region – Aide to Azerbaijani President
Russian Economy Ministry talks about implementation of joint transport projects with Azerbaijan
Georgia to attract new investments in energy sector – minister
Kazakh Samruk-Kazyna, Russian companies to invest in chemical projects
CNPC branch in Turkmenistan opens tender for repair of compressors
Uzbekistan shares domestic COVID-19 data for January 19
Iran's Energy Exchange announces products to be on sale on January 22
Iran establishes container shipping route from Chabahar port to Indian ports
President Ilham Aliyev and First Lady Mehriban Aliyeva visit Alley of Martyrs on 32nd anniversary of 20 January tragedy (PHOTO/VIDEO)
President Raisi's visit to Russia - fundamental change in Iran's international relations - Iran's VP
Azerbaijani oil prices increase
Iran sees increase in exports to Oman
Oil prices hover around 2014 highs, supported by supply concerns
Higher oil revenues to boost Turkmenistan's GDP growth - Fitch
Iranian currency rates for January 20
Azerbaijan's FM meets with head of IAEA in Vienna (PHOTO)
Azerbaijan expects another wave of COVID-19 pandemic - Health Committee of Parliament (VIDEO)
Azerbaijan's Mediation Council, MUSIAD sign cooperation protocol (PHOTO)
ITFC extends $15M line of financing facility to Uzbek Industrial and Construction Bank
ITFC extends US$ 15 Million Line of Trade Financing Facility to Invest Finance Bank
Switzerland recognises Georgian Covid-19 certificates
Economy min: Facilitating banking transactions part of Iran-Russia agreements
Turkey expects coronavirus cases to peak in February
Number of COVID-19 cases in Kazakhstan tops 1,100,000
Chinese bridge at Pangong Tso nears completion, show satellite images
Beijing city raises vigilance as local COVID cases tick higher before Olympics
Over 300 mln COVID-19 cases confirmed all over world, WHO says
U.S., UK launch talks to resolve steel, aluminum dispute
India should adopt risk-based approach not blanket bans to contain Covid - WHO India head
Turkey, UAE sign FX swap deal worth $5 billion
Covid-hit microfinance industry in India seeks higher credit guarantee scheme
Excellent Iran-Russia ties serving strategic goals - Iranian president
Turkey soon to leave currency volatility behind: Erdogan
Cryptocurrency Bill in India unlikely to be introduced in upcoming Budget session
Head of EU delegation expresses condolences to Azerbaijan on occasion of January 20 tragedy
First Vice-President Mehriban Aliyeva makes post on 32nd anniversary of 20 January tragedy (PHOTO)
Azerbaijan commemorates 32nd anniversary of 1990 'Black January' tragedy
Organization of Turkic States makes post in connection with January 20 tragedy
UK shares experience in mine action with Azerbaijan - Ambassador
Azerbaijan adheres to start of delimitation of border with Armenia process without any conditions - minister
PM Johnson drops COVID rules in England
President Ilham Aliyev makes Facebook post on 32nd anniversary of 20 January tragedy (PHOTO)
Afghanistan opens gates of Kamal Khan Dam allowing water into drought-hit Iran
Azerbaijan hosts auction for commissioning mineral deposits
Russia allows tomato imports from several Turkmen enterprises
Azerbaijan to showcase its non-oil products at int’l exhibitions
Price indexes of financial, construction sectors at Uzbek stock exchange fall
Uzbekneftegaz creates new unit to handle partnerships with world's largest financial institutions
Money transfers from Georgia to Azerbaijan increase
Kazakhstan’s December compliance to OPEC+ deal unveiled
Chinese company discloses volume of cargo containers sent to Uzbekistan in 2021
Georgia's Imereti Agrozone receives investment proposals
No apparent crude export impact from civil unrest in Kazakhstan - EIA
Baku refinery increases oil output
Uz-Kor Gas Chemical company opens tender for supply of protective equipment
Gas consumption grows in Azerbaijan
Activities of military units stationed in Azerbaijan's liberated territories inspected (PHOTO)
Azerbaijani FM rejects unfounded allegations of Armenian representative at OSCE forum (PHOTO)
SOCAR boosts oil and gas exports
Iranian Ministry of Roads, Urban Development reveals data on activities of ports
Iran’s Bahar Azadi gold coin rising in price
Azerbaijan significantly increases gas production
Kazakhstan discloses cargo traffic via Aktau port for 2021
U.S. mortgage interest rates climb for 4th straight week
Azerbaijan provides lump-sum allowance to families of January 20 tragedy martyrs, victims
Azerbaijan announces increase in freight traffic by all modes of transport
MP: Pecresse's illegal Karabakh trip gives rise to legal responsibility
Azerbaijan announces priorities as chair of OSCE Forum for Security Co-operation
Georgia’s domestic electricity production up in 2021
SOCAR increases oil production y-o-y
Uzbek Central bank shares data on number of bank cards used in 2021
Azerbaijan's traffic police to check citizens going on trips to liberated lands - ministry
Kazakhstan unveils trade indicators with largest trade partners in EU
Cargo transportation through Iran’s Mashhad Airport soars
All news