2012 financial year was characterized by positive outcomes. According to preliminary data, revenues of Azerbaijan's consolidated budget in 2012 amounted to 22.1 billion manat, or 101 percent of the forecast, whereas expenses stood at 19.7 billion manat (executed by 94.4 percent).
State budget revenues were executed at 101.4 percent, reaching $ 17.3 billion manat, while expenditures amounted to 17.1 billion manat, or 96.7 percent of the forecast.
In 2012, 55.3 per cent of budget expenditures accounted for current expenses, 43.4 percent for capital expenditures, and 1.3 percent were sent to the public debt.
State budget expenditures for education, health, culture, social protection and social security, defense, agriculture grew by an average of 8.7 percent in 2012 compared with 2011. Social expenses amounted to 4.7 billion manat (27.4 percent of total state budget),which is 7.9 percent more compared with 2011.
Financing of all necessary expenses associated with implementation of obligations to pay wages, benefits, pensions and public debt were ensured in 2012.
The state budget for 2012 also coped with its obligation to pay Soviet deposits to population. Between June 1, 2012 - January 1, 2013 "Kapital Bank" departments [successor of the Azerbaijani department of USSR Sberbank] paid 554.711 million manat as individual lump sum payment on 1,448,941 savings accounts.
In 2012, payments were also made from the state budget to provide housing to soldiers who served in Azerbaijani Armed Forces for 20 years and more through public funds.
Starting the second quarter of 2012, figures of consolidated budget were included in a quarterly report on the state budget execution and zonal meetings were held for employees of organizations funded by the current expenses, and financial authorities to provide practical assistance in drafting the budget.
Execution of public budget in 2012
|
Items |
2012 |
Specific weight, % |
Compared to 2011, % |
|
|
Execution, mln manat |
total |
In GDP |
||
|
Income in total; |
17281.6 |
100.0 |
32.0 |
110.1 |
|
Including: |
||||
|
Income taxes from population |
813.0 |
4.7 |
1.5 |
113,6 |
|
Profit taxes |
2252.0 |
13.0 |
4.1 |
105.5 |
|
Land taxes |
30.6 |
0.2 |
0.1 |
86.7 |
|
Property taxes |
105.1 |
0.6 |
0.2 |
101.2 |
|
VAT |
2366.9 |
13.7 |
4.4 |
106.5 |
|
Excises |
531.5 |
3.1 |
1.0 |
110.7 |
|
Tax for natural wealth |
125.8 |
0.7 |
0.2 |
96.9 |
|
Tax on external economic activities |
592.5 |
3.4 |
1.1 |
136,8 |
|
Including: |
||||
|
Import duties |
229.5 |
1.3 |
0.4 |
115.9 |
|
Other taxes |
157.5 |
1.0 |
0.3 |
112.0 |
|
Other incomes |
10306.7 |
59.6 |
19.1 |
110.8 |
|
Expenses in total: |
17105.6 |
100.0 |
31.7 |
111.1 |
|
Including: |
||||
|
State expenses |
995.7 |
5.8 |
1.8 |
92.9 |
|
Including: |
||||
|
Membership fees to the international organizations |
82.7 |
0.5 |
0.2 |
118.7 |
|
Maintenance of legal authorities, law-enforcement bodies, security and prosecutor bodies |
902.6 |
5.3 |
1.7 |
127.1 |
|
Education |
1312.1 |
7.7 |
2.4 |
103.4 |
|
Health |
567.8 |
3.3 |
1.1 |
115.1 |
|
Social security and social provision |
1710.0 |
10.0 |
3.2 |
114.4 |
|
Culture, arts, physical culture, and religious activities |
237.6 |
1.4 |
0.4 |
125.1 |
|
Expenses on economy |
6960.8 |
40.7 |
12.9 |
102.3 |
|
Including: |
||||
|
Housing and communal economy |
437.9 |
2.6 |
0.8 |
140.2 |
|
Agriculture, forestry and fishery |
468.2 |
2.7 |
0.9 |
105.3 |
|
Industry and construction |
5783.7 |
33.8 |
10.7 |
98.6 |
|
Transport and communications |
85.4 |
0.5 |
0.2 |
138.6 |
|
Other expenses |
4419.0 |
25.8 |
8.2 |
131.3 |
|
Surpluses |
176.0 |
- |
0.3 |
- |
Source: State Statistics Committee and Ministry of Finances