Baku, Azerbaijan, Apr.2
By Azad Hasanli - Trend:
The budget surplus for February 2015 amounted to 80.1 million manats (AZN), which is 61.8 percent more compared to the same period last year, the Azerbaijani government told Trend Apr.2.
The official exchange rate for April 2 is 1, 0485 AZN / USD.
In February 2015, actual revenues to the state budget of Azerbaijan totaled 2.762,4 billion manats (38.8 percent of GDP), or 11.2 percent less compared to the same period of last year.
State budget expenditures decreased by 12.4 percent and amounted to 2.682,3 billion manats (37.7 percent of GDP).
In the structure of revenues, 40 percent (1.104,8 billion manats) were ensured through the Ministry of Taxes. Revenues from customs duties and taxes totaled 209.5 million manats (with a weight of 7.6 percent), through other sources - 1.448,1 billion manats (52.4 percent). Tax collections decreased by 10.4 percent (128.8 million manats), customs charges increased by 6.6 percent (12.9 million manats), and revenue from other sources decreased by 13.9 percent (233.8 million manats).
During the reporting period, some 469.2 million manats were transferred to the state budget from the value added tax, which is 17 percent of total income, profit taxes totaled 366.3 million manats (13.3 percent), income tax - 165 million manats (6 percent), excise tax - 100.2 million manats (3.6 percent), property tax - 22.8 million manats (0.8 percent), land tax - 6.7 million manats (0.2 percent), tax on mineral resources - 19.4 million manats (0.7 percent), taxes on foreign economic activity - 77.3 million manats (2.8 percent).
Some 359.1 million manats (with a weight of 13.4 percent) from the budget were spent for social security and protection of the population, 140.2 million manats (5.2 percent) - for education, 60.6 million manats (2.3 percent) - health care, 124.9 million manats (4.7 percent) - maintenance of the prosecution, security, law enforcement, judicial bodies, 1.441,1 billion manats (53.7 percent) - investments in the economy.
Around 21 percent (564 million manats) of public expenditure were spent on payment of salaries, pensions and benefits.
Revenues of the state budget for 2015 were estimated at 19.438 billion manats, expenses - 21.1 billion manats. Budget forecasts were formed at an oil price of $90 per barrel.
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