The actual revenue in the revenue part of Azerbaijan's state budget amounted to 4.482.5 billion manat (34.1 percent of GDP) in the first quarter of 2014 decreasing by four percent compared to the same period of 2013.
The state budget's expenditures also decreased by 3.1 percent and amounted to 4.374.3 billion manat (33.3 percent of GDP). Budget surplus in Jan.-March, 2014 amounted to 49.5 million manat, or 0.6 percent of GDP. The state budget surplus amounted to 154.6 million manat in the first quarter of 2014.
Some 1.762.9 billion manat (39.3 percent) in the structure of revenues is ensured by the Ministry of Taxes. Revenues from customs duties and taxes amounted to 330.4 million manat (with specific weight of 7.4 percent). Revenues from other sources were equal to 2.389.2 billion manat (53.3 percent). Tax collections increased by 15.7 percent and the customs duties - by 14.1 percent, while revenues from other sources decreased by 16.4 percent compared to Jan.-March, 2013.
Some 719.5 million manat was received from the collection of VAT during the reporting period which accounts for 16.1 percent of total revenues. Income tax revenues amounted to 556 million (12.4 percent), income tax - 227.3 million manat (5.1 percent) - excise taxes - 224.5 million manat (five percent), property tax - 34.9 million manat (0.8 percent), land tax - 11.3 million manat (0.3 percent), tax on mineral resources - 31.6 million manat (0.7 percent), taxes from foreign economic operations - 167.8 million manat (3.7 percent).
Some 518.5 million manat (specific weight of 11.8 percent) was spent on social security and protection of the population, education - 274.1 million (6.3 percent), health care - 110.7 million manat (2.5 percent), maintenance of the prosecutor's office bodies, security, law enforcement agencies, judicial authorities - 206.7 million manat (4.7 percent) and investments in the economy amounted to 2.343 billion manat (53.6 percent).
Around 21.2 percent (925.2 million manat) of state expenditures was spent on the payment of salaries, pensions and benefits.
The revenues of the state budget are expected in the volume of 18.384 billion manat, while the expenditures are expected to hit 20.063 billion manat in 2014.
Execution of public budget in Jan.-March, 2014
|
Items |
Январь-март 2014 года |
Удельный вес, в % |
По отношению к январю-марту 2013 года, в % |
|
|
Исполнение млн. манат |
В итоге |
В ВВП |
||
|
Income in total |
4482,5 |
100,0 |
34,1 |
96,0 |
|
Including: |
||||
|
Income taxes from population |
227,3 |
5,1 |
1,7 |
117,3 |
|
Profit taxes |
556,0 |
12,4 |
4,2 |
101,2 |
|
Land taxes |
11,3 |
0,3 |
0,1 |
161,4 |
|
Property taxes |
34,9 |
0,8 |
0,3 |
121,2 |
|
VAT |
719,5 |
16,1 |
5,5 |
121,3 |
|
Excises |
224,5 |
5,0 |
1,7 |
164,6 |
|
Tax for natural wealth |
31,6 |
0,7 |
0,2 |
105,0 |
|
Tax on external economic activities |
167,8 |
3,7 |
1,3 |
116,6 |
|
Including: |
||||
|
Import duty |
77,3 |
1,7 |
0,6 |
128,4 |
|
Other taxes |
42,6 |
0,9 |
0,3 |
114,8 |
|
Other revenues |
2467,0 |
55,0 |
18,8 |
83,6 |
|
Expenses in total: |
4374,3 |
100,0 |
33,3 |
96,9 |
|
Including: |
||||
|
State expenses |
274,3 |
6,3 |
2,1 |
116,2 |
|
Including: |
||||
|
Membership fees to the international organizations |
39,5 |
0,9 |
0,3 |
155,5 |
|
Maintenance of legal authorities, law-enforcement bodies, security and prosecution bodies |
206,7 |
4,7 |
1,6 |
111,1 |
|
Education |
274,1 |
6,3 |
2,1 |
108,5 |
|
Health |
110,7 |
2,5 |
0,8 |
118,6 |
|
Social security and social provision |
518,5 |
11,8 |
4,0 |
101,4 |
|
Culture, art, physical culture, and religious activities |
51,1 |
1,2 |
0,4 |
131,0 |
|
Expenses on economy |
2343,0 |
53,6 |
17,8 |
109,1 |
|
Including: |
||||
|
Housing and communal economy |
62,7 |
1,4 |
0,5 |
156,8 |
|
Agriculture, forestry and fishery |
58,5 |
1,3 |
0,4 |
66,2 |
|
Industry and construction |
2148,3 |
49,1 |
16,3 |
112,2 |
|
Transport and communications |
13,8 |
0,3 |
0,1 |
116,0 |
|
Other expenses |
595,9 |
13,6 |
4,5 |
56,8 |
|
Surplus |
108,2 |
- |
0,8 |
- |
Source: State Statistics Committee and Ministry of Finance