ASRD plans to complete 2006 in profit
The Azerbaijani Cabinet of Ministers approved the estimate of expenditure and incomes if the Azerbaijani State Railway Department (ASRD) for 2006. In accordance with the approved budget, the incomes of ASRD in 2006 are planned at 137,872m new manats, or 9.32% more as compared 2005, the government told Trend. ASRD will gain 13.2m manats from passenger transportation, freight transportation - 107,272m manats.
In the future the expenses of ASRD will grow by 9.31% and makes up 137,871,6m manats, while the expenses on budgetary transfer are envisaged at 13.8% less as compared 2005 and comprise 20m manats. It is planned through the expense reduction on payment of VAT, property tax, as well as wages transferring to the State Fund for Social Security of Population.
Meanwhile, the expenses on purchase of raw materials, including, fuel will comprise 26,510m manats. The expenses on communal services are planned to increase only on electric energy. The 8,299m manats funds, envisaged for capital and financial investment, are envisaged for only construction and repair work.
In 2006 ASRD intends to increase expenses on service loans by around 1.3%. The government set 1.5m manat from 7.6m manats envisaged for payment of major debt on EBRDs loan, received under the state guarantee. ASRD envisaged 5,041m manats for payment of interest rates on loans.
The activities of ASRD are expected to be profitable (0.0004m manats).