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Public budget of Azerbaijan (January-February 2011)

Analysis Materials 9 April 2011 15:07 (UTC +04:00)

The state budget income comprised 1829.3 million manat, or 27.3 percent of GDP in January-February 2011. This index increased by 12.1 percent, compared to the same period in 2010, the government said.

State budget expenditures increased by 9.7 percent and made up 1.186 billion manat (17.7 percent of the GDP). The surpluses of the budget totaled 642.9 million manat, or 9.6 percent of GDP in January-February.

The Taxes Ministry remitted 45.9 percent of all income, or 839.9 million manat to the state budget. The State Customs Committee remitted 140.4 million manat (with a special weight of 7.7 percent) in taxes and duties to the public budget and other sources remitted 849 million manat (with a special weight of 46.4 percent).

During the reported period, a total of 333.7 million manat was obtained from VAT, or 13.8 percent of all income, 364.2 million manat (19.9 percent) - profit taxes, 94.3 million manat (5.2 percent) - income taxes, 55.6 million manat (3 percent) - excise taxes, 8.9 million manat (0.5 percent) - property taxes, and 20.7 million manat (1.1 percent) -royalties and 58.8 million manat (3.2 percent) -taxes from foreign economic activities.

The public budget expense for social security and provision of people comprised 254.9 million manat (with a weight of 21.5 percent), 135.8 million manat (11.4 percent) was spent on education, 36.6 million (3.1 percent) - health, 73.5 million (6.2 percent) - maintenance of prosecutor bodies, security and law-enforcement and court bodies, 339 million (28.6 percent)- investment allocations, 13.4 million (1.1 percent) - housing and communal services, 38.8 million (3.3 percent) - agriculture, fishing and forestry, 253.5 million manat (21.4 percent) - industry and construction, transport and communications - 6.8 million manat (0.6 percent).

Some 45.2 percent (536.1 million manat) of public expenses were spent on the payment of salaries, pension and allowances.

Execution of public budget in January-February 2011

Articles

January-February 20 11

Specific weight, %

In relevant to 2010, %

Execution,

mln manat

As a result

In GDP

Incomes in total;

1829,3

100,0

27,3

112,1

Including:

Income taxes from population

94,3

5,2

1,4

123,4

Profit taxes

364,2

19,9

5,4

110,7

Land taxes

0,8

0,0

0,0

34,8

Property taxes

8,9

0,5

0,1

86,4

VAT

333,7

18,2

5,0

113,8

Excises

55,6

3,0

0,8

79,3

Tax for natural wealth

20,7

1,1

0,3

89,2

Tax on external economic activities

58,8

3,2

0,9

2,0 р

Including:

Import duties

32,0

1,8

0,5

137,3

Other taxes

15,1

0,9

0,3

117,1

Other incomes

877,2

48,0

13,1

111,7

Expenses in total:

1186,4

100,0

17,7

109,7

Including:

State expenses

96,8

8,2

1,4

99,2

Including:

Membership fees to the international organizations

13,7

1,2

0,2

0,0

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

73,5

6,2

1,1

99,3

Education

135,8

11,4

2,0

118,1

Health

36,6

3,1

0,5

143,5

Social security and social provision

254,9

21,5

3,8

117,9

Culture, arts, physical culture, and religious activities

16,8

1,4

0,3

125,4

Expenses on economy

339,0

28,6

5,1

84,2

Including:

Housing and communal economy

13,4

1,1

0,2

103,1

Agriculture, forestry and fishery

38,8

3,3

0,6

2,1р

Industry and construction

253,5

21,4

3,8

73,5

Transport and communications

6,8

0,6

0,1

154,6

Other expenses

233,0

19,6

3,5

170,1

Surpluses

642,9

-

9,6

-

Source: State Statistics Committee and Ministry of Finances

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