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Public budget of Azerbaijan (January-October 2013)

Analysis Materials 12 December 2013 16:33

The actual revenue in the revenue part of Azerbaijan's state budget amounted to 16.238.4 billion manat in January-October 2013 (34.1 percent of GDP) increasing by 14.1 percent compared to the same period of 2012.

State budget expenditures increased by 14.8 percent to 14.020.7 billion manat (31.1 percent of GDP). The budget surplus for January-October amounted to 2.214.1 billion manat, which made up 4.7 percent of GDP. It slightly increased (2.016.1 billion manat) compared to the same period of 2012.

Some 5.768.2 billion manat (35.5 percent) in the structure of revenues is ensured by the Ministry of Taxes. Revenues from customs duties and taxes amounted to 1.134.4 billion manat (7 percent), from other sources - 9.332.2 billion manat (57.5 percent).

Tax collections increased by 9.7 percent, the customs duties - by 14.8 percent and revenues from other sources - by 17 percent compared to the same period of last year.

During the reporting period, 2.194.3 billion manat were received from VAT collection, which represents 13.5 percent of total income; profit tax revenues amounted to 2.269.7 billion manat (13.5 percent), income tax - 676 million manat (4.2 percent), excise tax - 494.6 million manat (3 percent), property tax - 96.3 million manat (0.6 percent), land tax - 28.1 million manat (0.2 percent), tax on mineral resources - 100.8 million manat (0.6 percent), and the tax on foreign economic activity - 554.1 million manat (3.4 percent).

Some 1.509.3 billion manat of the budget (with a share of 10.8 percent) was directed to social security and protection of the population; education - 983.8 million manat (7 percent), health care - 467 million manat (3.3 percent), maintenance of the prosecution, security, law enforcement, judicial bodies - 758.5 million manat (5.4 percent), investments in the economy - 6.223.6 billion manat (44.4 percent).

Some 2.772.9 billion manat (19.8 percent) of public expenditures was spent on payment of salaries, pensions and benefits.

Execution of public budget in January-October 2013

Items

Jan.-Oct. 2013

Specific weight, %

Compared to Jan.-Oct. 2012, %

Execution,

mln manat

total

In GDP

Income in total

16234,8

100,0

34,1

114,1

Including:

Income taxes from population

676,0

4,2

1,4

102,0

Profit taxes

2269,7

14,0

4,8

109,9

Land taxes

28,1

0,2

0,1

102,2

Property taxes

96,3

0,6

0,2

106,8

VAT

2194,3

13,5

4,6

114,5

Excises

494,6

3,0

1,0

105,8

Tax for natural wealth

100,8

0,6

0,2

96,8

Tax on external economic activities

554,1

3,4

1,2

108,7

Expenses in total:

Including:

243,3

1,5

0,5

116,6

State expenses

137,5

0,9

0,3

103,9

Including:

9683,4

59,6

20,3

117,4

Membership fees to the international organizations

14020,7

100,0

29,5

114,8

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

Education

1130,9

8,1

2,4

155,6

Health

Social security and social provision

80,4

0,6

0,2

113,6

Culture, art, physical culture, and religious activities

758,5

5,4

1,6

114,1

Expenses on economy

983,8

7,0

2,1

102,6

Expenses in total:

467,0

3,3

1,0

110,4

Including:

1509,3

10,8

3,2

97,5

State expenses

211,1

1,5

0,4

116,4

Including:

6223,6

44,4

13,1

124,3

Including:

Housing and communal economy

240,4

1,7

0,5

88,9

Agriculture, forestry and fishery

389,5

2,8

0,8

99,4

Industry and construction

5274,9

37,6

11,1

127,6

Transport and communications

67,9

0,5

0,1

121,3

Other expenses

2736,5

19,5

5,7

101,3

Surplus

2214,1

-

4,7

-

Source: State Statistics Committee and Ministry of Finance

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