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Public budget of Azerbaijan (January-April 2014)

Analysis Materials 10 June 2014 17:17 (UTC +04:00)

The actual revenue in the revenue part of Azerbaijan's state budget amounted to 6.471.3 billion manat in January-April 2014 (35.5 percent of GDP) reducing by 2.7 percent compared to the same period of 2013.

State budget expenditures decreased by 2.8 percent to 6.068.7 billion manat (33.3 percent of GDP).

The budget surplus for January-April amounted to 402.6 million manat, which made up 2.2 percent of GDP. It hit 410.4 million manat in the same period of 2013.

Some 2.650.4 billion manat (41 percent) in the structure of revenues is ensured by the Ministry of Taxes.

Revenues from customs duties and taxes amounted to 463.9 million manat (7.2 percent), from other sources - 3.357 billion manat (51.8 percent).Tax collections increased by 5.4 percent, the customs duties - by 14.3 percent and revenues from other sources decreased by 10.1 percent compared to the same period of last year.

During the reporting period, some 995.5 million manat were received from VAT collection, which represents 15.4 percent of total income; profit tax revenues amounted to 1.054.9 billion manat (16.3 percent), income tax - 306.4 million manat (4.7 percent), excise tax - 264.8 million manat (4.1 percent), property tax - 48 million manat (0.7 percent), land tax - 13.1 million manat (0.2 percent), tax on mineral resources - 45.8 million manat (0.7 percent), and the tax on foreign economic activity - 216.4 million manat (3.4 percent).

Some 680.4 million manat of the budget (with a share of 11.2 percent) was directed to social security and protection of the population; education - 386.6 million manat (6.4 percent), health care - 157.6 million manat (2.6 percent), maintenance of the prosecution, security, law enforcement, judicial bodies - 292.9 million manat (4.8 percent), investments in the economy - 3.016.6 billion manat (49.7 percent).

Some 1.227.3 billion manat (20.2 percent) of public expenditures was spent on payment of salaries, pensions and benefits.

The state budget revenues for 2014 are planned to hit 18.384 billion manat, while expenses - at the level of 20.063 billion manat.

Execution of public budget in January-April 2014

Items

January-April 2014

Specific weight, %

Compared to January-April 2013, %

Execution,

mln manat

total

In GDP

Income in total

6471,3

100,0

35,5

97,3

Including:

Income taxes from population

306,4

4,7

1,7

118,5

Profit taxes

1054,9

16,3

5,8

88,1

Land taxes

13,1

0,2

0,1

133,7

Property taxes

48,0

0,7

0,2

122,1

VAT

995,5

15,4

5,5

120,7

Excises

264,8

4,1

1,4

139,7

Tax for natural wealth

45,8

0,7

0,2

113,4

Tax on external economic activities

216,4

3,4

1,2

122,3

Including:

Import duties

100,1

1,5

0,5

140,6

Other taxes

66,3

1,0

0,4

115,1

Other income

3460,1

53,5

19,0

89,7

Expenses in total:

6068,7

100,0

33,3

97,2

Including:

State expenses

389,6

6,4

2,1

69,4

Including:

Membership fees to the international organizations

54,6

0,9

0,3

138,6

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

292,9

4,8

1,6

112,1

Education

386,6

6,4

2,1

108,5

Health

157,6

2,6

0,9

114,9

Social security and social provision

680,4

11,2

3,7

108,1

Culture, art, physical culture, and religious activities

76,6

1,3

0,4

101,2

Expenses on economy

3016,6

49,7

16,6

105,9

Including:

Housing and communal economy

95,4

1,6

0,5

128,2

Agriculture, forestry and fishery

118,5

2,0

0,7

98,4

Industry and construction

2689,5

44,3

14,8

106,9

Transport and communications

21,7

0,3

0,1

114,2

Other expenses

1068,4

17,6

5,9

77,8

Surplus

402,6

-

2,2

-

Source: State Statistics Committee and Ministry of Finance

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