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Public budget of Azerbaijan (january-april 2013)

Analysis Materials 11 June 2013 16:36 (UTC +04:00)

The actual revenue in the revenue part of Azerbaijan's state budget amounted to 6.653.9 billion manat in January-April 2013 (38.6 percent of GDP) increasing by 23.5 percent compared to the same period of 2012.

State budget expenditures increased by 1.6 times to 6.243.5 billion manat (36.2 percent of GDP). The budget surplus for two months amounted to 410.4 million manat, which made up 2.4 percent of GDP.

Some 2.513.8 billion manat (37.8 percent) in the structure of revenues is ensured by the Ministry of Taxes. Revenues from customs duties and taxes amounted to 405.7 million manat (6.1 percent), from other sources - 3.734.4 billion manat (56.1 percent).

Tax collections increased by 12.4 percent, the customs duties - by 14.9 percent and revenues from other sources - by 33.5 percent compared to the same period of last year.

During the reporting period, 824.8 million manat were received from VAT collection, which represents 12.4 percent of total income; profit tax revenues amounted to 1.197.6 billion manat (18 percent), income tax - 258.6 million manat (3.9 percent), excise tax - 189.6 million manat (2.8 percent), property tax - 39.3 million manat (0.6 percent), land tax - 9.8 million manat (0.1 percent), tax on mineral resources - 40.4 million manat (0.6 percent), and the tax on foreign economic activity - 1.772 million manat (2.7 percent).

Some 629.5 million manat of the budget (with a share of 10.1 percent) was directed to social security and protection of the population; education - 356.4 million manat (5.7 percent), health care - 137.2 million manat (2.2 percent), maintenance of the prosecution, security, law enforcement, judicial bodies - 261.3 million manat (4.2 percent), investments in the economy - 2.848.6 billion manat (45.6 percent).

Some 1.097.4 billion manat (17.6 percent) of public expenditures was spent on payment of salaries, pensions and benefits.

Execution of public budget in January-April 2013

Items

Jan.-April 2013

Specific weight, %

Compared to Jan.-April 2012, %

Execution,

mln manat

total

In GDP

Income in total

6653,9

100,0

38,6

123,5

Including:

Income taxes from population

258,6

3,9

1,5

106,6

Profit taxes

1197,6

18,0

7,0

116,0

Land taxes

9,8

0,1

0,1

105,4

Property taxes

39,3

0,6

0,2

98,7

VAT

824,8

12,4

4,8

121,3

Excises

189,6

2,8

1,1

117,0

Tax for natural wealth

40,4

0,6

0,2

92,2

Tax on external economic activities

177,0

2,7

1,0

76,1

Including:

Import duties

71,2

1,1

0,4

60,9

Other taxes

57,6

0,9

0,3

123,3

Other income

3859,2

58,0

22,4

133,2

Expenses in total:

6243,5

100,0

36,2

160,3

Including:

State expenses

561,1

9,0

3,3

2,1 times

Including:

Membership fees to the international organizations

39,4

0,6

0,2

105,3

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

261,3

4,2

1,5

113,0

Education

356,4

5,7

2,1

104,5

Health

137,2

2,2

0,8

107,7

Social security and social provision

629,5

10,1

3,6

102,4

Culture, art, physical culture, and religious activities

75,7

1,2

0,4

118,1

Expenses on economy

2848,6

45,6

16,5

181,7

Including:

Housing and communal economy

74,4

1,2

0,4

103,6

Agriculture, forestry and fishery

120,4

1,9

0,7

117,9

Industry and construction

2517,0

40,3

14,6

190,7

Transport and communications

19,0

0,3

0,1

103,3

Other expenses

1373,7

22,0

8,0

2,0 times

Surplus

410,4

-

2,4

-

Source: State Statistics Committee and Ministry of Finance

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