Public budget of Azerbaijan (January-March 2014)

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

Azerbaijan's Azercosmos to provide satellite services in Africa
Azerbaijan's Azercosmos to provide satellite services in Africa
Azerbaijan reveals maritime trade operations for seven months
Azerbaijan reveals maritime trade operations for seven months
Azerbaijan unveils its seven-month airfreight performance
Azerbaijan unveils its seven-month airfreight performance
Loading Bars
Latest
Trump orders ByteDance to divest interest in U.S. TikTok operations within 90 days
US resolution to extend arms embargo on Iran fails to get enough Security Council votes
Israel reports 1,258 new COVID-19 cases, 91,080 in total
Canada, U.S. agree to extend border closure for another month
Turkish minister warns of spike in COVID-19 cases in risk groups
Four hurt in blast, fire in publishers' area of Iran capital: state media
Twelve more coronavirus patients die in Moscow in past day — crisis center
Lebanon's COVID-19 cases exceed 8,000, death toll at 94
EU, Eurozone trade with rest of world remains at lower levels in June
Trump says he would agree to $25 billion for Postal Service if Democrats make concessions
Number of coronavirus cases worldwide exceeds 21 million
Azerbaijan's Azercosmos to provide satellite services in Africa
Putin proposes urgent 7-state online summit on Iran, Persian Gulf
Investments in agricultural sector of Iran's Kermanshah Province increase
Turkey's export of leather products abroad in 1H2020 down
Kazakhstan's import from Bulgaria down twofold amid COVID-19
Georgia to improve business climate on legislative level
Azerbaijan reveals maritime trade operations for seven months
EU 'highly concerned' by U.S. stance on Nord Stream pipeline
S. Africa commends WHO's leadership in fighting COVID-19
Azerbaijan unveils its seven-month airfreight performance
Monterey Herald publishes article on Armenians' atrocities against Azerbaijanis in LA
Foreign trade turnover of Azerbaijan drops
Azerbaijani community of Azerbaijan's Nagorno Karabakh issues statement
Gold price grows in Azerbaijan
Arming Armenia means supporting occupation of Azerbaijani lands - MP
Azerbaijani MP: Turkish Grand National Assembly rejected Treaty of Sevres, tearing it apart as useless paper
Subsistence minimum for average household down in Georgia
Uzbekistan to implement big touristic projects in Bostanlyk district
First batch of hazelnuts to be exported from Georgia to Germany
Georgian Artana Wines company decides to grow organic vegetables
Data on terry products sales at Turkmen State Commodity Exchange for July 2020 revealed
Uzbekistan resumes domestic flights, rail services, public transport traffic
Georgia decreases mandatory quarantine & self-isolation time
Kazakhstan's revenues from air transportation down year-on-year
Pashinyan again shows his helplessness, responding to BBC's "hard" questions (VIDEO)
Azerbaijani oil prices fluctuate
Air separation unit launched in Kazakhstan to supply ArcelorMittal Temirtau with gases
Ukrainian car building company interested in expanding cooperation with Turkmenistan
Electricity consumption down in Georgia
EU supports medium, long term recovery of Kazakh economy amid COVID-19
Azerbaijan sees growth in alternative energy production
Azerbaijan confirms 221 more COVID-19 recoveries
Iran's ministry supports increase of home appliances' price
Georgia, US discuss possibility of opening DFC regional office in country
Investments in socio-economic dev't in Azerbaijan grow
U.S. retail sales rise less than expected in July
Kazakhstan’s largest electrotechnical company to launch equipment production
Namangan Free Economic Zone to expand car production in Uzbekistan
National Bank of Georgia talks reasons behind remittances' growth
Uzbek-Korean JV opens tender to buy batteries
Volume of export of oil, oil raw materials from Azerbaijan to Ukraine revealed
Azerbaijan reveals seven-month statistics of industrial production
EU COVID-response to contribute to long-term health systems resilience in Central Asia
Azerbaijan successfully resolving problem of irrigation water shortage
Kazakhstan's Passenger Transportation JSC opens tender for loading, unloading services
SOCAR's STAR Refinery among Turkey’s 500 largest companies
Uzbekistan's national postal operator expands services
Multiple projects to be commissioned in Kazakhstan within industrialization roadmap
Angry Birds maker happy as stay-at-home gaming boosts profit
Iran is to sell oil bonds at stock exchange
Capacity of Georgian Kula canning company to increase
Turkmenistan’s Dashoguz region opens tender for construction, installation work
Output volume at Azerbaijan’s Kursangi, Garabagli fields revealed
Azerbaijani refugee from Armenia: Oppression of Azerbaijanis in Armenia began before 1988
Uzbekistan boosts trade turnover with Afghanistan during 1H2020
Turkmen manufacturer of suspended ceilings to expand its product range
British analyst: Uzbekistan to increase domestic electricity consumption over next decade
Weiss, CEO of Majid Al Futtaim – Retail, talks Uzbekistan's food retail market prospects
Mikayil Jabbarov: Azerbaijan-Israel partnership is strong, resilient, forward-looking
Azerbaijan's GDP slightly decreases
Maersk Drilling: Contracting activity for drilling campaigns with 2020 commencement to be limited
Global total utilization for jack-up rigs, floaters down
Georgian TBC Bank Group buys stake in its Uzbekistan branch
Azerbaijan’s Nakhchivan increases GDP volume
Number of flights over Iran's airspace increases
Azerbaijan's Kapital Bank to increase its authorized capital
Russia’s St. Petersburg, Turkmenistan boost cooperation
Kazakh coal extracting venture to buy filters via tender
Uzbek-Turkish JV to increase export of electrical goods from Uzbekistan's Samarkand
Money transfers to Georgia up in July 2020
Kazakhstan's Sunday Airlines resuming flights to Egypt
PETRONAS Carigali Sdn Bhd in Turkmenistan opens tender for provision of downhole equipment
Israel puts Georgia on list of 'green' countries
Central Bank of Uzbekistan establishes co-op with Central Bank of South Korea
Kazakhstan's export to Germany down during COVID-19
Indonesia's Widodo proposes $186 billion 2021 budget, 5.5% of GDP deficit
Bryza: By supplying military equipment to Armenia, Russia losing credibility as OSCE MG co-chair
Iranian National Tax Administration imposing tax on gold coin owners
Russia's St. Petersburg to supply ships to Turkmenistan
UK transport minister says people know the risks of travel in 2020
Graduates of Baku Higher Oil School awarded DAAD scholarships
Azerbaijani currency rates for August 14
Rehabilitation of Zemo Imereti-Racha road actively progressing in Georgia
Canadian oil & gas company aims to start operations in Uzbekistan
Azerbaijani Nakhchivan's mobile operators up revenues
Oil gains, heading for weekly rise amid hopes for fuel demand recovery
Azerbaijan discloses Consumer Price Index for July
Uzbekistan to open new tourist zone in its Navoi region
Georgia reports 23 new cases of COVID-19, 17 recoveries
All news