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Public budget of azerbaijan (January-August 2010)

Analysis Materials 12 October 2010 11:09 (UTC +04:00)

In January-August 2010, the public budget income comprised 6708.9 million manats, or 25.6 percent of GDP. This index increased by 2.6 percent, compared to the same period in 2009.

Public budget expenditures increased by 3.1 percent and made up 6044.5 million manat (23.1 percent of the GDP). The surpluses of the budget totaled 664.4 million manat, or 2.5 percent of GDP.

The Taxes Ministry remitted 41.4 percent of all income, or 2776.1 million manat to the Public budget. The State Customs Committee remitted 631 million manat (with a special weight of 9.4 percent) in taxes and duties to the public budget and other sources remitted 3380.1 million manat (with a special weight of 50.4 percent).

During the report period, a total of 1277.9 million manats was obtained from VAT, or 19 percent of all income, 997.3 million manat (14.9 percent) - profit taxes, 375.1 million manats (5.6 percent) - income taxes, 281 million manat (4.2 percent) - excise taxes, 48.3 million manats (0.7 percent) - property taxes, and 85.5 million manats (1.3 percent) -royalties and 181.3 million manat (2.7 percent) -taxes from foreign economic activities.

The public budget expense for social security and provision of people comprised 807.7 million manats (with a weight of 13.4 percent), 715.8 million manat (6.2 percent) was spent on education, 241.5 million (4 percent) - health, 376.6 million (6.3 percent) - maintenance of prosecutor bodies, security and law-enforcement and court bodies, 2346.6 million (38.8 percent)- investment allocations, 123.5 million (2.1 percent) - housing and communal services, 216.2 million (3.6 percent) - agriculture, fishing, 26.4 million (0.4 percent) - transport and communications, and 32 percent (1933.6 million manats) of Public expenses were spent on the payment of salaries, pension and allowances.

Execution of public budget in January-August 2010

Articles

January-August 2010

Specific weight, %

In relevant to January-August 2009, %

Execution,

mln manat

As a result

In GDP

Incomes in total;

6708,9

100,0

25,6

102,6

Including:

Income taxes from population 

375,1

5,6

1,4

96,1

Profit taxes

997,3

14,9

3,8

129,4

Land taxes

20,4

0,3

0,1

112,1

Property taxes

48,3

0,7

0,2

92,5

VAT

1277,9

19,0

4,9

97,3

Excises

281,0

4,2

1,1

162,2

Tax for natural wealth

85,5

1,3

0,3

137,9

Tax on external economic activities

181,3

2,7

0,7

111,4

Including:

Import duties

123,7

1,8

0,5

91,2

Other taxes

62,0

0,9

0,2

106,4

Other incomes

3380,1

50,4

12,9

95,5

Expenses in total:

6044,5

100,0

23,1

103,1

Including:

State expenses

494,6

8,2

1,9

104,0

Including:

Membership fees to the international organizations

18,6

0,3

0,1

120,8

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

376,6

6,2

1,4

101,3

Education

715,8

11,8

2,7

99,9

Health

241,5

4,0

0,9

108,0

Social security and social provision

807,7

13,4

3,1

110,8

Culture, arts, physical culture, and religious activities

95,2

1,6

0,4

106,6

Expenses on economy

2346,6

38,8

9,0

93,2

Including:

Housing and communal economy

123,5

2,1

0,5

111,5

Agriculture, forestry and fishery

216,2

3,6

0,8

115,3

Industry and construction

1899,9

31,4

7,3

91,0

Transport and communications

26,4

0,4

0,1

61,1

Other expenses

966,5

16,0

3,7

130,9

Surpluses

664,4

-

2,5

-

Source: State Statistics Committee and Ministry of Finances

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