Azerbaijan's state budget surplus exceeds 8 percent of GDP
Azerbaijan, Baku, March 7 / Trend, A. Akhundov /
The actual revenue in the revenue part of Azerbaijan's state budget amounted to 1.768 billion manat in January 2013 (39.5 percent of GDP) increasing by 14.2 percent compared to the same period of 2012, the country's government told Trend.
State budget expenditures amounted to 1.391 billion manat increasing by threefold (31.1 percent of GDP). The budget surplus for January amounted to 376.4 million manat, which made up 8.4 percent of GDP.
Some 745.6 million manat (42.2 percent in special weight) in the structure of revenues is provided by the Ministry of Taxes. Revenues from customs duties and taxes amounted to 89.5 million manat (5.1 percent), from other sources - 933 million manat (52.7 percent).
During the reporting period, 205.7 million manat were received from VAT collection, which represents 11.6 percent of total income; profit tax revenues amounted to 405 million manat (22.9 percent), income tax - 61.8 million manat (3.5 percent), excise tax - 46.6 million manat (2.6 percent), property tax - 9.6 million manat (0.5 percent), land tax - 2.6 million manat (0.6 percent), tax on mineral resources - 10.2 million manat (0.6 percent), and the tax on foreign economic activity - 50.8 million manat (2.9 percent).
Some 191.4 million manat of the budget (with a share of 13.8 percent) was directed to social security and protection of the population; education - 19.4 million manat (1.4 percent), health care - 6.1 million manat (0.4 percent), maintenance of the prosecution, security, law enforcement, judicial authorities - 32.6 million manat (2.3 percent), investments in the economy - 777.4 million manat (55.9 percent).
Some 211.6 million manat (15.2 percent) of public expenditures was spent on payment of salaries, pensions and benefits.
The official exchange rate is 0.7850 AZN/USD on March 7.