Public budget of Azerbaijan (January-August 2014)

The actual revenue in the revenue part of Azerbaijan's state budget amounted to 12.407 billion AZN in January-August 2014 (31.7 percent of GDP) reducing by 3.7 percent compared to the same period of 2013.

State budget expenditures reduced by 1.3 percent to 11.469 billion AZN (29.3 percent of GDP).

The budget surplus for January-August amounted to 938.4 million AZN, which made up 2.4 percent of GDP or by 25.9 percent less than in the same period of 2013.

Some 4.845 billion AZN (39 percent) in the structure of revenues is ensured by the Ministry of Taxes.

Revenues from customs duties and taxes amounted to 1.001 billion AZN (8.1 percent), from other sources - 6.561 billion AZN (52.9 percent).

Tax collections increased by 8 percent, the customs duties - by 12.8 percent and revenues from other sources decreased by 12.7 percent compared to the same period of last year.

During the reporting period, some 1.998 billion AZN were received from VAT collection, which represents 16.1 percent of total income; profit tax revenues amounted to 1.644 billion AZN (13.3 percent), income tax - 624.7 million AZN (5 percent), excise tax - 555.4 million AZN (4.5 percent), property tax - 92.1 million AZN (0.7 percent), land tax - 26.7 million AZN (0.2 percent), tax on mineral resources - 84.7 million AZN (0.7 percent), and the tax on foreign economic activity - 496.9 million AZN (4 percent).

Some 1.290 billion AZN of the budget (with a share of 11.2 percent) was directed to social security and protection of the population; education - 873.2 million AZN (7.6 percent), health care - 401.6 million AZN (3.5 percent), maintenance of the prosecution, security, law enforcement, judicial bodies - 655 million AZN (5.7 percent), investments in the economy - 5.031 billion AZN (43.9 percent).

Some 2.490 billion AZN (21.9 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 AZN, while expenses - at the level of 20.063 billion AZN.

Execution of public budget in January-August 2014

Items

Jan.-Aug. 2014

Specific weight, %

Compared to Jan.-Aug. 2013, %

Execution,

mln AZN

total

In GDP

Income in total

12407,3

100,0

31,7

96,3

Including:

Income taxes from population

624,7

5,0

1,6

116,4

Profit taxes

1644,2

13,3

4,2

95,0

Land taxes

26,7

0,2

0,1

132,8

Property taxes

92,1

0,7

0,2

118,7

VAT

1998,4

16,1

5,1

116,7

Excises

555,4

4,5

1,4

140,3

Tax for natural wealth

84,7

0,7

0,2

104,7

Tax on external economic activities

496,9

4,0

1,3

112,7

Including:

Import duties

275,4

2,2

0,7

145,5

Other taxes

128,4

1,0

0,3

116,8

Other income

6755,8

54,5

17,3

86,8

Expenses in total:

11468,9

100,0

29,3

98,7

Including:

State expenses

845,2

7,4

2,2

89,7

Including:

Membership fees to the international organizations

87,9

0,8

0,2

138,4

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

655,0

5,7

1,7

111,2

Education

873,2

7,6

2,2

108,0

Health

401,6

3,5

1,0

109,7

Social security and social provision

1290,3

11,2

3,3

108,9

Culture, art, physical culture, and religious activities

190,9

1,7

0,5

114,6

Expenses on economy

5030,5

43,9

12,8

94,8

Including:

Housing and communal economy

235,0

2,0

0,6

120,9

Agriculture, forestry and fishery

320,9

2,8

0,8

99,3

Industry and construction

4228,0

36,9

10,8

93,6

Transport and communications

53,1

0,5

0,1

103,1

Other expenses

2182,2

19,0

5,6

96,5

Surplus

938,4

-

2,4

-

Source: State Statistics Committee and Ministry of Finance

Int'l community must condemn Armenia's actions against Islamic religious monuments - Azerbaijani MP
Int'l community must condemn Armenia's actions against Islamic religious monuments - Azerbaijani MP
President of International Judo Federation congratulates Azerbaijani president
President of International Judo Federation congratulates Azerbaijani president
Azerbaijan establishes National Agency for Mine Clearance of Territories of Azerbaijan
Azerbaijan establishes National Agency for Mine Clearance of Territories of Azerbaijan
Loading Bars
Latest
Britain tightens borders to keep out new COVID-19 strains
Kazakhstan's national operator for main oil pipelines reports decrease in oil transport
Int'l community must condemn Armenia's actions against Islamic religious monuments - Azerbaijani MP
Azerbaijani Economic Council holds first meeting in 2021
Shusha's residents proud of seeing Azerbaijani president in Shusha city
Group supporting Russian export to Azerbaijan renders assistance for foreign trade transactions in 2020
President of International Judo Federation congratulates Azerbaijani president
Azerbaijan increases total volume of exported gas in 2020
European Gymnastics to focus on competitions planned for 2021
Azerbaijan's foreign trade balance remains positive in 2020
Export operations between Azerbaijan and Australia greatly increase
Azerbaijan establishes National Agency for Mine Clearance of Territories of Azerbaijan
Int'l structures willing to cooperate for 'Green Energy Zone' in Azerbaijan's Karabakh (PHOTO)
Georgia reveals volume of electricity imported from Azerbaijan
Georgian Hualing Group implements new construction project
Georgia outstripping European preferences for innovations in some areas - MasterCard
Afghanistan always supports Azerbaijan in its just cause - Ambassador
Azerbaijani, Finnish FMs discuss latest situation in region
Whole world to see rapid economic recovery in Azerbaijan's liberated lands - Russian MP
Azerbaijani, Russian FMs exchange views on tasks of Jan. 11 joint statement
Georgian Enguri HPP rehabilitation project carried out with support of EBRD and EU
President of Georgia, NATO Secretary-General to meet in Brussels
How can leaders of Muslim countries be friends with country that destroyed mosques? - President Aliyev
President Aliyev presented Holy Quran to Saatli Mosque
In near future, we will ensure restoration of Shusha in planned manner - President of Azerbaijan
Despite all pressures, phone calls and threats, I said that we would go to end - President Aliyev
I have come to Shusha using the victory road - President Aliyev
Great return begins, all work has begun - President of Azerbaijan
Uzbekistan, Tajikistan resume regular flights
Azerbaijan sees growth trend in car insurance segment
Azerbaijan’s PASHA Bank ends 2020 with big profit
Wells Fargo profit beats Wall Street estimates as credit costs fall
Citigroup quarterly profit beats estimates as loan loss provisions slow
OSCE Chairperson-in-Office appoints Special Representative for South Caucasus
Parliament's plan on steel sector to damage Iran's exports - Steel Producers Association
Azerbaijan announces starting date for COVID-19 vaccination
Port of Baku starts cooperating with Belgium-based int'l training center
Azerbaijani ombudsman visits persons detained during anti-terror operations in liberated lands
Most of Uzbekistan’s population to be provided with COVID-19 vaccine
International DOPPELMAYR to finish construction of Georgian ropeway
Demand for marble products of plant in Turkmenistan’s Akhal region increased
Azerbaijan shows video footage from Gasimli village of Aghdam district (PHOTO/VIDEO)
Uzbekistan reconstructs number of water supply and sewerage networks Bukhara region in 2020
Azerbaijan discloses amount of compensation paid to depositors of closed banks
New gas compressor station put into operation in Turkmenistan
Jewelry production plant launched in Uzbekistan’s Tashkent
Georgia sees increase in subsistence minimum
Establishing Nakhchivan corridor will add new artery to Middle Corridor - AIR Center
Georgian citizens to have high-quality COVID-19 vaccines
Azerbaijan confirms 494 more COVID-19 recoveries
First Vice-President Mehriban Aliyeva: I am very happy to be in our liberated ancient city of Shusha (PHOTO/VIDEO)
Karabakh regional branch of Regional Development Public Association to operate in Shusha
Azerbaijan, Pakistan discuss prospects for development of military co-op
Azerbaijan's 11M2020 expenses for importing EU goods up
BMW aims to double fully-electric vehicle sales in 2021
Embassy of India organizes online business meeting to promote Indian Basmati rice (PHOTO)
Askar Mamin reappointed Kazakhstan's prime minister
Azerbaijani wagon washing station shows record performance following automation (PHOTO)
Azerbaijan reveals number of vessels repaired at 'Bibiheybat' Shipyard in 2020
Schoolchildren gain their first achievement in 2021 with Azercell’s support
Azerbaijan’s import of fruits, nuts down in 2020
FAO supports Uzbekistan’s Kashkadarya region during COVID-19 pandemic
Azerbaijani president, first lady visit building of executive power, house-museum of Bulbul in Shusha
Kazakhstan decreases goods import from Austria amid COVID-19
MP suggests Iran obtains its frozen assets in S.Korea via essential goods
CISCO increases number of services to be automated in Azerbaijan
Ukraine excludes Azerbaijan from list of dangerous countries due to COVID-19
Azerbaijani big bank’s capital up as of 2020
Passenger transport volumes plummet in Kazakhstan in 2020
WHO summarizes results of activities in Turkmenistan for 2020
Oil demand to be over 100 million b/d again by late 2022
Kazakhstan's Aktau port opens tender to buy accumulators
Fuel imports up in 2020 in Georgia
Iran plans to raise mortgage rate
EU, UNDP aim to help Georgian Bioars company in installing solar panels
UK economy pushed into reverse by November lockdown
Nearly 60,000 have fled Central African Republic violence - U.N
Azerbaijan's Ministry of Economy to contribute to turning Karabakh into prosperous region
Azerbaijani FM meets with ICESCO Director General
First quarter of 2021 to be characterized by downward tendencies in Georgia - Cushman & Wakefield
Kazakhstan launches manufacturing of fuel characterized by record low freezing point
PASTPRESENTFUTURE solo-show of Azerbaijani Aida Mahmudova presented in New York (PHOTO)
Iran shares details on Chinese bitcoin farm in Kerman province
Azerbaijan reveals electricity production data for 2020
Azerbaijan raises electricity generation at thermal power plants in 2020
Azerbaijani leading bank’s total assets up
Iran's power plants have sustainable condition for power generation
Iraq seeks Iran's investments in car manufacturing sector - Chamber of Commerce
Energy price inflation to see sharp rise in H12021
Azerbaijani manat significantly undervalued against US dollar, study finds
Precious metal prices up in Azerbaijan
Demand for foreign currency from individuals in Uzbekistan rises in 2020
Azerbaijan reveals data on sales through Azexport portal
Turkmen greenhouse complex names volumes of tomato production
Belarus issues 2020 data on oil import from Azerbaijan
State Fire Service of Azerbaijani MES starts work in Khanlyg village of Gubadli district
Azerbaijan preparing to build memorial complex, museum devoted to Second Karabakh war (PHOTO/VIDEO)
Georgia leads in contactless payments penetration - MasterCard
Turkmenistan to start producing finely ground sulfur
Baku Stock Exchange holds auction on placement of short-term notes of CBA
All news