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Public budget of Azerbaijan (January-August 2011)

Analysis Materials 14 October 2011 15:08

Azerbaijan's state budget surplus amounted to 200.7 million manat (0.7 percent of GDP) in January-August 2011, or 3.3 times less than the same period of last year.

The actual receipts in the state budget revenues amounted to 7.738.7 billion manat (25.1 percent of GDP), or 15.4 percent more than the same period of last year.

The state budget expenditures increased by 24.7 percent per year. The figure hits 7.538 billion manat (24.4 percent of GDP).

About 47.5 percent (3.679.4 billion manat) in the structure of revenues were provided by the Ministry of Taxes. The tax revenues increased by 32.5 percent per year.
Revenues from customs duties and taxes amounted to 741.7 million manat (with weight of 9.6 percent), from other sources - 3.317.6 billion manat (42.9 percent).

About 1.364.5 billion manat were received from VAT during the reporting period, or 17.6 percent of total income, profit tax - 1.663 billion manat (21.5 percent), income tax - 433.8 million manat (5.6 percent ), excise tax - 291.4 million manat (3.8 percent), property tax - 68.4 million manat (0.9 percent), tax on the bowels - 83.3 million manat (1.1 percent), land tax - 2.4 million manat (0.1 percent), tax on foreign trade - 252.7 million manat (3.3 percent), including import duty - 157.9 million manat (two percent).

About 971.3 million manat (with a weight of 12.9 percent) were spent from the budget for social security and protection of the population in Jan.-Aug., education - 790.9 million manat (10.5 percent), health care - 288.2 manat (3.8 percent), the prosecution's offices, law enforcement and judicial bodies - 400.4 million manat (5.3 percent), culture, art, information sphere and physical education - 107.2 million manat (1.4 percent), investments in the economy - 3.161.2 billion manat (41.9 percent).

About 140.8 million manat (1.9 percent) of the total investments were spent for housing and utility costs, agriculture, forestry and fishery - 280.9 million manat (3.7 percent), industry, construction and minerals - 2.605.2 billion manat (34.6 percent), transport and communications - 33.9 million manat (0.5 percent).

Execution of public budget in January-August 2011

Articles

January-August 2011

Specific weight, %

In relevant to 2010, %

Execution,

mln manat

As a result

In GDP

Incomes in total;

7738,7

100,0

25,1

115,4

Including:

Income taxes from population

433,8

5,6

1,4

115,7

Profit taxes

1663,0

21,5

5,4

166,8

Land taxes

26,5

0,3

0,1

129,9

Property taxes

68,4

0,9

0,2

141,6

VAT

1364,5

17,6

4,4

106,8

Excises

291,4

3,8

0,9

103,7

Tax for natural wealth

83,3

1,1

0,3

97,4

Tax on external economic activities

252,7

3,3

0,8

139,4

Including:

Import duties

157,9

2,0

0,5

127,7

Other taxes

79,1

1,0

0,3

127,6

Other incomes

3476,0

44,9

11,3

102,8

Expenses in total:

7538,0

100,0

24,4

124,7

Including:

State expenses

508,4

6,7

1,7

102,8

Including:

Membership fees to the international organizations

45,6

0,6

0,2

2,5р

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

400,4

5,3

1,3

106,3

Education

790,9

10,5

2,6

110,5

Health

288,2

3,8

0,9

119,3

Social security and social provision

971,3

12,9

3,1

120,3

Culture, arts, physical culture, and religious activities

107,2

1,4

0,4

112,6

Expenses on economy

3161,2

41,9

10,2

134,7

Including:

Housing and communal economy

140,8

1,9

0,5

114,0

Agriculture, forestry and fishery

280,9

3,7

0,9

129,9

Industry and construction

2605,2

34,6

8,4

137,1

Transport and communications

33,9

0,5

0,1

128,4

Other expenses

1310,4

17,5

4,2

135,6

Surpluses

200,7

-

0,7

Source: State Statistics Committee and Ministry of Finances

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