Public budget of Azerbaijan (January 2012)

In January 2012, the public budget income comprised 1.547.9 billion manat, or 37.8 percent of GDP. It increased by 38.0 percent compared to the same period of 2011.

Public budget expenses rose by 20.3 percent and made up 460.8 million manat (11.3 percent of the GDP). The surpluses of the budget totaled 1.087.1 billion (26.6 percent of GDP).

In the revenue structure, 48.3 percent (748.3 million manat) was provided by the Tax Ministry. Revenues from customs duties and taxes totaled 77.8 million manat (with weight of 5 percent) from other sources is 721.8 million manat (46.7 percent).

A total of 259.1 million manat was received from VAT, or 16.7 percent of all income, 376.2 million manat (24.3 percent) - profit taxes, 57.9 million manat (3.7 percent) - income taxes, 38.3 million manat (2.5 percent) - excise taxes, 9.9 million manat (0.6 percent)- property taxes, 3.0 million manat (0.2 percent) - land taxes, 9.9 million manat (0.6 percent) - subsoil tax and 33.9 million manat (2.2 percent) -taxes from foreign economic activities.

The public budget expenses for social security and provision of people comprised 184.8 million manat (40.1 percent). 23.6 million manat (5.1 percent) was spent on education, 5.2 million (1.1 percent) - health, 36.2 million (7.9 percent) - maintenance of prosecutor bodies, security and law-enforcement and court bodies, 9.6 million (2.1 percent)- investment allocations, 1.2 million (0.3 percent) - housing and communal services, 6.2 million (1.3 percent) - agriculture, fishing, 2.2 million (0.5 percent)- transport and communications.

Execution of public budget in January 2012

Articles

2012

Specific weight, %

In relevant to 2011, %

Execution,

mln manat

As a result

In GDP

Incomes in total;

1547,9

100,0

37,8

138,0

Including:

Income taxes from population

57,9

3,7

1,4

143,7

Profit taxes

376,2

24,3

9,2

126,3

Land taxes

3,0

0,2

0,1

7,5раз

Property taxes

9,9

0,6

0,2

2,3раз

VAT

259,1

16,7

6,3

136,5

Excises

38,3

2,5

0,9

73,9

Tax for natural wealth

9,9

0,6

0,2

81,1

Tax on external economic activities

33,9

2,2

0,8

141,3

Including:

Import duties

9,6

0,6

0,2

64,9

Other taxes

13,9

1,0

0,5

152,7

Other incomes

745,8

48,2

18,2

151,7

Expenses in total:

460,8

100,0

11,3

120,3

Including:

State expenses

35,9

7,8

0,9

115,4

Including:

Membership fees to the international organizations

3,1

0,7

0,1

100,0

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

36,2

7,9

0,9

2,1раз

Education

23,6

5,1

0,6

111,8

Health

5,2

1,1

0,1

108,3

Social security and social provision

184,8

40,1

4,5

127,6

Culture, arts, physical culture, and religious activities

1,9

0,4

0,4

86,4

Expenses on economy

9,6

2,1

0,2

30,9

Including:

Housing and communal economy

1,2

0,3

0,0

42,9

Agriculture, forestry and fishery

6,2

1,3

0,2

89,9

Industry and construction

0,0

0,0

0,0

0,0

Transport and communications

2,2

0,5

0,1

137,5

Other expenses

163,6

35,5

4,1

125,0

Surpluses

1087,1

-

26,6

-

Source: State Statistics Committee and Ministry of Finance

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