In January 2015, actual revenues to the state budget of Azerbaijan totaled 1.685 billion mantas (AZN) (46.1 percent of GDP), or 3.8 percent less compared to the same period of last year.
State budget expenditures decreased by 26.8 percent and amounted to 1.263 billion AZN (34.8 percent of GDP).
The budget surplus for January 2015 amounted to 421.6 million AZN or 11.6 percent of GDP. It increased by 16.9 times compared to the same period of last year.
In the structure of revenues, 40.7 percent (685.9 million AZN) were ensured through the Ministry of Taxes. Revenues from customs duties and taxes totaled 103.7 million AZN (with a weight of 6.2 percent), through other sources - 895.2 million AZN (53.1 percent). Tax collections decreased by 12.1 percent (94.5 million AZN), customs charges increased by 6.6 percent (6.4 million AZN), and revenue from other sources increased by 2.4 percent (21.2 million AZN).
During the reporting period, some 235.1 million AZN were transferred to the state budget from the value added tax, which is 14 percent of total income, profit taxes totaled 295.4 million AZN (17.5 percent), income tax - 75.6 million AZN (4.5 percent), excise tax - 58.9 million AZN (3.5 percent), property tax - 12.8 million AZN (0.8 percent), land tax - 3.7 million AZN (0.2 percent), tax on mineral resources - 10.3 million AZN (0.6 percent), taxes on foreign economic activity - 49 million AZN (2.9 percent).
Some 202.7 million AZN (with a weight of 16 percent) from the budget were spent for social security and protection of the population, 31.8 million AZN (2.5 percent) - for education, 6.6 million AZN (0.5 percent) - health care, 30.5 million AZN (2.4 percent) - maintenance of the prosecution, security, law enforcement, judicial bodies, 812.8 million AZN (64.4 percent) - investments in the economy.
Around 19.2 percent (243 million AZN) of public expenditure were spent on payment of salaries, pensions and benefits.
Revenues of the state budget for 2015 were estimated at 19.438 billion AZN, expenses - 21.1 billion AZN. Budget forecasts were formed at an oil price of $90 per barrel.
Execution of public budget in January 2015
|
Items |
January 2015 |
Specific weight, % |
Compared to January 2014, % |
|
|
Execution, mln AZN |
total |
In GDP |
||
|
Income in total |
1684,8 |
100,0 |
46,4 |
96,2 |
|
Including: |
||||
|
Income taxes from population |
75,6 |
4,5 |
2,1 |
118,7 |
|
Profit taxes |
295,4 |
17,5 |
8,1 |
77,4 |
|
Land taxes |
3,7 |
0,2 |
0,1 |
102,8 |
|
Property taxes |
12,8 |
0,8 |
0,4 |
124,3 |
|
VAT |
235,1 |
14,0 |
6,5 |
98,5 |
|
Excises |
58,9 |
3,5 |
1,6 |
79,1 |
|
Tax for natural wealth |
10,3 |
0,6 |
0,3 |
99,0 |
|
Tax on external economic activities |
49,0 |
2,9 |
1,3 |
101,4 |
|
Including: |
||||
|
Import duties |
31,8 |
1,9 |
0,9 |
167,4 |
|
Other taxes |
29,1 |
1,7 |
0,8 |
165,3 |
|
Other income |
914,9 |
54,3 |
25,2 |
101,3 |
|
Expenses in total: |
1263,2 |
100,0 |
34,8 |
73,2 |
|
State expenses |
||||
|
Including: |
71,1 |
5,6 |
2,0 |
101,3 |
|
Membership fees to the international organizations |
||||
|
Maintenance of legal authorities, law-enforcement bodies, security and prosecution bodies |
5,4 |
0,4 |
0,1 |
120,0 |
|
Education |
30,5 |
2,4 |
0,8 |
70,4 |
|
Health |
31,8 |
2,5 |
0,9 |
93,0 |
|
Social security and social provision |
6,6 |
0,5 |
0,2 |
58,9 |
|
Culture, art, physical culture, and religious activities |
202,7 |
16,0 |
5,6 |
98,4 |
|
Expenses on economy |
5,8 |
0,5 |
0,2 |
66,7 |
|
Including: |
812,8 |
64,4 |
22,3 |
64,9 |
|
Housing and communal economy |
||||
|
Agriculture, forestry and fishery |
3,4 |
0,3 |
0,1 |
55,7 |
|
Industry and construction |
0,0 |
0,0 |
0,0 |
0,0 |
|
Transport and communications |
807,8 |
63,9 |
22,2 |
65,6 |
|
Other expenses |
1,6 |
0,1 |
0,0 |
66,7 |
|
Surplus |
101,9 |
8,1 |
2,8 |
102,1 |
|
Expenses in total: |
421,6 |
- |
11,6 |
- |
Source: State Statistics Committee and Ministry of Finance