Public budget of Azerbaijan (January-October 2012)

Actual revenue in the revenue part of Azerbaijan's state budget amounted to 14.225 billion manat in January-October 2012 (32.2 percent of GDP) increasing by 34.9 percent compared to the same period of 2011, the country's government told Trend.

State budget expenditures amounted to 12.209 billion manat increasing by 23.4 percent (27.6 percent of GDP). The budget surplus for January - October amounted to 2.016 billion manat, which made up 4.6 percent of GDP.

Some 5.259.8 billion manat (37 percent in special weight) in the structure of revenues is provided by the Ministry of Taxes. Revenues from customs duties and taxes amounted to 987.9 million manat (6.9 percent), from other sources - 797.8 billion manat (56.1 percent).

During the reporting period 1.915 billion manat was received from VAT, which is 13.5 percent of all incomes, on income tax - 2.065 billion (14.5 per cent), income tax - 662.6 million manat (4 7 percent), excise tax - 467.7 million manat (3.3 percent), property tax - 90.2 million manat (0.6 percent), land tax - 27.5 million (0.2 percent), tax for minerals - 104.1 million manat (0.7 percent), and taxes on foreign economic activity - 509.9 million manat (3.6 percent).

Some 1.547 billion manat of the budget (12.7 percent in special weight) was directed to social security and protection of the population; education - 958.8 million manat (7.9 percent), health care - 423 million manat (3.5 percent), maintenance of the prosecution, security, law enforcement, judicial authorities - 664.5 million manat (5.4 percent), investments in the economy - 5.006 billion manat (41 percent).

Some 270.4 million manat (2.2. percent) of the total investment was directed for housing and utility costs; for agriculture, forestry, environment and fishery - 391.9 million manat (3.2 percent), transport and communications - 56 million manat (0.5 percent), as well as industry, construction and mining operations- 4.133 billion (33.8 percent).

Execution of public budget in January-October 2012

Items

January-October 2012

Specific weight, %

Compared to January-October 2011, %

Execution,

mln manat

total

In GDP

Income in total;

14225,7

100,0

32,2

134,9

Including:

Income taxes from population

662,6

4,7

1,5

117,2

Profit taxes

2064,7

14,5

4,7

96,2

Land taxes

27,5

0,2

0,1

91,7

Property taxes

90,2

0,6

0,2

103,8

VAT

1915,6

13,5

4,3

107,7

Excises

467,7

3,3

1,0

114,0

Tax for natural wealth

104,1

0,7

0,2

97,1

Tax on external economic activities

509,9

3,6

1,2

162,2

Including:

Import duties

208,6

1,5

0,5

110,5

Other taxes

132,4

0,9

0,3

126,8

Other incomes

8251,0

58,0

18,7

164,8

Expenses in total:

12209,6

100,0

27,6

123,4

Including:

State expenses

726,7

5,9

1,6

107,8

Including:

Membership fees to the international organizations

70,8

0,6

0,2

120,8

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

664,5

5,4

1,5

128,6

Education

958,8

7,9

2,2

102,3

Health

423,0

3,5

1,0

116,0

Social security and social provision

1547,5

12,7

3,5

123,7

Culture, arts, physical culture, and religious activities

181,3

1,5

0,4

125,6

Expenses on economy

5006,3

41,0

11,3

115,7

Including:

Housing and communal economy

270,4

2,2

0,6

148,9

Agriculture, forestry and fishery

391,9

3,2

0,9

114,1

Industry and construction

4132,8

33,8

9,3

113,3

Transport and communications

56,0

0,5

0,1

125,3

Other expenses

2701,5

22,1

6,1

160,4

Surpluses

2016,1

-

4,6

-

Source: State Statistics Committee and Ministry of Finances

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