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Public budget of Azerbaijan (January-November 2010)

Analysis Materials 8 January 2011 11:10

During Jan.-Nov. 2010, actual revenues in the state budget amounted to 9192 million manat (25.1 percent of GDP), increasing by 3.1 percent compared to the same period last year, the government said today.

The state budget expenditures increased by 6.5 percent and amounted to 7643.8 million manat (23.5 percent of GDP).

The Taxes Ministry remitted 3621.8 million manat, or 43 percent to the public budget. The State Customs Committee remitted 9.8 percent or 827.6 million manat, other sources - 47.1 percent or 3968.9 million manat.

About 1671.2 million manat were received from VAT during the reporting period. It hits 19.9 percent of total income, profit tax - 1302.6 million manat (15.5 percent), income tax - 472.8 million manat (5,6 percent), excise tax - 395.1 million manat (4.7 percent), property tax - 58.7 million manat (0.7 percent), taxes on mineral resources - 107.9 million manat (1.3 percent) , tax on foreign economic activity - 236 million manat (2,8 percent).

About 1006.6 million manat (with a specific gravity of 13.2 percent) were spent from the budget to social security and protection of the population in the January-October, education - 861.9 mln manat (11,3 percent), health care - 318.1 million manat (4,2 percent), maintenance of the prosecution, security, law enforcement bodies, judicial authorities - 488.5 million manat (6,4 percent), investments in the economy - 2883.2 million manat (37.7 percent). About 158.7 million manat (2,1 percent) of the total investments were spent for housing and utility costs, agriculture, forestry and fishery - 293.7 million manat (3.8 percent), transport and communications - 37 million manat (0,5 percent).

About 31.4 percent (2,396.4 million manat) of public expenditures were spent for salaries, pensions and benefits.

Execution of public budget in January-November 2010

Articles

January-November 2010

Specific weight, %

In relevant to January- November 2009, %

Execution,

mln manat

As a result

In GDP

Incomes in total;

9192,0

100,0

25,1

103,1

Including:

Income taxes from population 

522,2

5,7

1,4

99,8

Profit taxes

1373,6

14,9

3,8

106,1

Land taxes

26,2

0,3

0,1

103,6

Property taxes

68,0

0,7

0,2

106,4

VAT

1843,5

20,1

5,0

105,3

Excises

429,7

4,7

1,2

163,3

Tax for natural wealth

118,8

1,3

0,3

111,2

Tax on external economic activities

258,1

2,8

0,7

105,4

Including:

Import duties

186,6

2,0

0,5

98,1

Other taxes

84,4

0,9

0,2

107,0

Other incomes

4467,5

48,6

12,2

97,8

Expenses in total:

8421,0

100,0

23,0

106,7

Including:

State expenses

681,0

8,1

1,8

105,2

Including:

Membership fees to the international organizations

18,9

0,2

0,1

118,9

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

543,4

6,4

1,5

103,4

Education

986,4

11,7

2,7

100,8

Health

358,0

4,2

1,0

107,0

Social security and social provision

1052,1

12,5

2,9

104,6

Culture, arts, physical culture, and religious activities

140,1

1,7

0,4

108,4

Expenses on economy

3172,4

37,7

8,6

100,3

Including:

Housing and communal economy

174,9

2,1

0,5

115,1

Agriculture, forestry and fishery

324,6

3,9

0,9

111,2

Industry and construction

2521,9

29,9

6,9

99,3

Transport and communications

43,5

0,5

0,1

65,4

Other expenses

1487,6

17,7

4,1

134,1

Surpluses

771,0

-

2,1

-

Source: State Statistics Committee and Ministry of Finances

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