Public budget of Azerbaijan (January-April 2015)

The deficit of the Azerbaijani state budget amounted to 822.5 million manat (4.9 percent of GDP) in January-April 2015.

The budget figures were executed with a surplus of 402.6 million manat (2.2 percent of GDP) in the same period of last year.

The state budget projections have been executed with a deficit for the second month.

The state budget was executed with a surplus of 421.6 million manat in January or 11.6 percent of GDP. It increased by 16.9 times compared to the same period of last year. The surplus amounted to 80.1 million manat in January-February or by 61.8 percent more than last year.

The deficit of the Azerbaijani state budget amounted to 251 million manat in January-March 2015 compared to surplus worth 108.4 manat in 2014.

The actual income in the revenue part of Azerbaijan's state budget amounted to 5.36 billion manat in January-April 2015, which is 17.2 percent less than in 2014.

The state budget expenditures increased by 1.8 percent and amounted to 6.18 billion manat.

Some 44.2 percent (2.37 billion manat) in the structure of revenues were ensured through the Ministry of Taxes.

The Azerbaijani State Customs Committee transferred 483.3 million manat (nine percent) to the state budget. Tax revenues reduced by 10.7 percent, while customs deductions increased by 4.2 percent per annum.

Some 53 percent (3.27 billion manat) accounted for the economic expenditure or by 8.5 percent or 257.2 million manat more than in the same period of 2014.

Some 2.97 billion manat of this amount (a 10.5 percent growth) was allocated to the sphere of industry, construction and minerals, 102.4 million manat (a 13.6 percent decrease) - agriculture, forestry and environmental protection.

Some 10.8 percent (666.7 million manat with a two percent decrease), health care costs - 2.9 percent (182.1 million manat with a 15.5 percent growth) accounted for the social security and protection costs in January-April 2015.

The state budget revenues for 2015 were approved in the amount of 19.438 billion manat, expenses - 21.1 billion manat. The budgetary projections have been formed upon an oil price of $90 per barrel.

Execution of public budget in January-April 2015

Items

Jan.-April 2015

Specific weight, %

Compared to Jan.-April 2014, %

Execution,

mln manat

total

In GDP

Income in total

5356,2

100,0

32,2

82,8

Including:

Income taxes from population

331,9

6,2

2,0

108,3

Profit taxes

851,6

15,9

5,1

80,7

Land taxes

15,4

0,3

0,1

117,6

Property taxes

44,4

0,8

0,3

92,5

VAT

987,6

18,4

5,9

99,5

Excises

203,9

3,8

1,2

77,0

Tax for natural wealth

36,6

0,7

0,2

79,9

Tax on external economic activities

196,9

3,7

1,2

91,0

Including:

Import duties

136,4

2,5

0,8

136,3

Other taxes

89,8

1,7

0,6

135,4

Other income

2598,1

48,5

15,6

75,1

Expenses in total:

6178,7

100,0

37,1

101,8

State expenses

Including:

471,6

7,6

2,8

121,0

Membership fees to the international organizations

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

58,7

1,0

0,4

107,5

Education

307,3

5,0

1,8

104,9

Health

396,1

6,4

2,4

102,5

Social security and social provision

182,1

2,9

1,1

115,5

Culture, art, physical culture, and religious activities

666,7

10,8

4,0

98,0

Expenses on economy

73,2

1,2

0,4

95,6

Expenses in total:

3273,8

53,0

19,7

108,5

Including:

Housing and communal economy

64,7

1,0

0,4

67,8

Agriculture, forestry and fishery

102,4

1,7

0,6

86,4

Industry and construction

2971,5

48,1

17,9

110,5

Transport and communications

20,3

0,3

0,1

93,5

Other expenses

807,9

13,1

4,9

75,6

Surplus

822,5

-

4,9

-

Source: State Statistics Committee and Ministry of Finance

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