Public budget of Azerbaijan (Jan-Sept. 2014)

Azerbaijan's consolidated budget revenues amounted to 17.73 billion AZN in January-September 2014 or by 817.4 million AZN or 4.8 percent more than in the same period of last year. The consolidated budget expenditure amounted to 14.65 billion AZN or by 265.6 million AZN or 1.8 percent more than in the same period of last year.

Azerbaijan's state budget revenues were executed at 101.2 percent and hit 14.07 billion AZN, expenses - 12.694 billion AZN (86 percent), while surplus - 1.38 billion AZN for the first nine months of the current year.

The forecast for tax revenue collection was ensured at 101.8 percent during the reporting period. Around 5.324 billion AZN was transferred to the state budget or by 394 million AZN or eight percent more compared to the same period of 2013.

Around 58.3 percent or 3.107 billion AZN of these funds account for the non-oil sector revenues, which is 376 million AZN or 13.8 percent more than in the same period of last year.

The State Customs Committee fulfilled the forecast of deductions at 100.1 percent or 123.2 million AZN or 12.2 percent more compared to the same period of 2013.

The proceeds from the organizations financed from the state budget amounted to 155 million AZN. Other proceeds amounted to 56.6 million AZN, which is 2.1 percent more than the projected 27.1 million AZN. It exceeds the index of the same period of last year by 8.1 million AZN or 16.7 percent.

The State Oil Fund of Azerbaijan transferred 7.4 billion AZN to the state budget. Around 31.7 percent or 4.02 billion AZN in the structure of state budget expenditures accounted for social expenses (payroll, scholarship and social allowances, medical and food expenses) or by 14.9 percent or 521.4 million AZN more compared to the same period of last year.

Around 24.6 percent (51 million AZN) accounted for housing and communal household expenses, 16 percent (29.7 million AZN) - expenses associated with the activity not related to the culture, art, information, and others, 15.2 percent (141.6 million AZN) - defense spending, 10.7 percent (71.9 million AZN) - for the maintenance of the judiciary, law enforcement and prosecution bodies, 9.2 percent (37.8 million AZN) - health expenses, 8.4 percent (113.6 million AZN) - social protection and social security, 8 percent (70.4 million AZN) - education, 4.2 percent (14.8 million AZN) - agriculture and forestry, fishing, hunting and environmental protection for the nine months.

The public investments for the construction and reconstruction of scientific, educational, medical, social, cultural, sports and other socio-cultural and domestic facilities totaled 1.401 billion AZN, while 2.729 billion AZN - on construction and reconstruction of energy, water, gas, transportation, communal, melioration infrastructure and other areas for the first nine months of this year.

Around 44.4 million AZN was allocated to finance the investment projects in the Nakhchivan Autonomous Republic. The state budget expenditures amounted to 3.969 billion AZN in the Nakhchivan Autonomous Republic.

Execution of public budget in January-September 2014

Items

Jan.-Sept. 2014

Specific weight, %

Compared to Jan.-Sept. 2013, %

Execution,

mln AZN

total

In GDP

Income in total

14070,6

100,0

31,9

98,2

Including:

Income taxes from population

708,4

5,0

1,6

116,2

Profit taxes

1731,9

12,3

3,9

95,9

Land taxes

28,3

0,2

0,1

115,5

Property taxes

103,9

0,7

0,2

119,8

VAT

2257,6

16,1

5,1

114,4

Excises

626,4

4,5

1,4

141,1

Tax for natural wealth

94,2

0,7

0,2

104,1

Tax on external economic activities

568,6

4,0

1,3

114,0

Including:

Import duties

316,5

2,2

0,7

148,0

Other taxes

142,5

1,0

0,4

118,7

Other income

7808,8

55,5

17,7

90,0

Expenses in total:

12693,5

100,0

28,8

99,8

Including:

State expenses

969,7

7,6

2,2

94,8

Including:

Membership fees to the international organizations

104,2

0,8

0,2

139,1

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

743,9

5,9

1,7

110,7

Education

953,4

7,5

2,2

108,0

Health

450,1

3,5

1,0

109,2

Social security and social provision

1462,8

11,5

3,3

108,4

Culture, art, physical culture, and religious activities

215,9

1,7

0,5

116,0

Expenses on economy

5478,5

43,2

12,4

95,4

Including:

Housing and communal economy

258,0

2,0

0,6

124,6

Agriculture, forestry and fishery

370,8

2,9

0,8

104,2

Industry and construction

4554,7

35,9

10,3

93,5

Transport and communications

59,8

0,5

0,1

97,7

Other expenses

2419,2

19,1

5,5

98,6

Surplus

1377,1

-

3,1

-

Source: State Statistics Committee and Ministry of Finance

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