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Public budget of Azerbaijan (January-July 2010)

Analysis Materials 7 September 2010 12:11 (UTC +04:00)

In January -July 2010, the public budget income comprised5734.2 million manats, or 24.3 percent of GDP. This index increased by 0.5 percent, compared to the same period in 2009, the government said.

Public budget expenditures decreased by 0.6 percent and made up 5244.1 million manat (22.7 percent of the GDP). The surpluses of the budget totaled 490.1 million manat, or 2.1 percent of GDP in January-July.

The Taxes Ministry remitted 43.3 percent of all income, or 2483 million manat to the Public budget. The State Customs Committee remitted 540.8 million manat (with a special weight of 9.4 percent) in taxes and duties to the public budget and other sources remitted 2710.48 million manat (with a special weight of 947.3 percent).

During the report period, a total of 1087.7 million manats was obtained from VAT, or 19 percent of all income, 952.6 million manat (16.6 percent) - profit taxes, 330.7 million manats (5.8 percent) - income taxes, 239.6 million manat (4.2 percent) - excise taxes, 40.1 million manats (0.7 percent) - property taxes, and 74.4 million manats (1.3 percent) -royalties and 160.3 million manat (2.8 percent) -taxes from foreign economic activities.

The public budget expense for social security and provision of people comprised 719 million manats (with a weight of 13.7 percent), 692.1 million manat ( 13.2 percent) was spent on education, 211.6 million (4 percent) - health, 331.3 million (6.3 percent) - maintenance of prosecutor bodies, security and law-enforcement and court bodies, 1994.1 million (38  percent)- investment allocations, 107.8 million (2.1 percent) - housing and communal services, 165.7 million (3.2 percent) - agriculture, fishing, 24.1 million (0.5 percent) - transport and communications, and 33.6  percent (1760.2  million manats) of Public expenses were spent on the payment of salaries, pension and allowances.

Execution of public budget in January-July 2010

Articles

January-July 2010

Specific weight, %

In relevant to January-July 2009, %

Execution,

mln manat

As a result

In GDP

Incomes in total;

5734.2

100.0

24.8

100.5

Including:

Income taxes from population 

330.7

5.8

1.4

95.8

Profit taxes

952.6

16.6

4.1

132.8

Land taxes

17.6

0.3

0.1

106.7

Property taxes

40.1

0.7

0.2

87.9

VAT

1087.7

19.0

4.7

93.5

Excises

239.6

4.2

1.0

167.3

Tax for natural wealth

74.4

1.3

0.3

143.6

Tax on external economic activities

160.3

2.8

0.7

115.8

Including:

Import duties

110.3

1.9

0.5

91.9

Other taxes

54.7

0.9

0.3

103.8

Other incomes

2776.5

48.4

12.0

91.5

Expenses in total:

5244.1

100.0

22.7

99.4

Including:

State expenses

446.9

8.5

1.9

103.1

Including:

Membership fees to the international organizations

16.6

0.3

0.1

108.5

Maintenance of legal authorities, law-enforcement bodies, security and prosecutor bodies

331.3

6.3

1.4

100.9

Education

692.1

13.2

3.0

100.6

Health

211.6

4.0

0.9

108.7

Social security and social provision

719.0

13.7

3.1

116.4

Culture, arts, physical culture, and religious activities

84.4

1.6

0.4

106.2

Expenses on economy

1994.1

38.0

8.6

88.0

Including:

Housing and communal economy

107.8

2.1

0.5

108.0

Agriculture, forestry and fishery

165.7

3.2

0.7

105.9

Industry and construction

1623.1

31.0

7.0

85.3

Transport and communications

24.1

0.5

0.1

64.3

Other expenses

764.7

14.7

3.4

114.3

Surpluses

490.1

-

2.1

-

Source: State Statistics Committee and Ministry of Finances

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