Public budget of Azerbaijan (January-May 2015)

The deficit of the Azerbaijani state budget amounted to 905.8 million manat (4.2 percent of GDP) in January-April 2015.

The budget figures were executed with a surplus of 654.5 million manat in the same period of last year.

The state budget projections have been executed with a deficit for the third 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 deficit of the Azerbaijani state budget amounted to 822.5 million manat in January-April 2015 compared to surplus worth 402.6 million manat in 2014.

The actual income in the revenue part of Azerbaijan's state budget amounted to 6.42 billion manat in January-May 2015, which is 19.9 percent less than in 2014.

The state budget expenditures decreased by 0.5 percent and amounted to 7.33 billion manat.

Some 44.4 percent (2.85 billion manat) in the structure of revenues were ensured through the Ministry of Taxes.

The Azerbaijani State Customs Committee transferred 625.1 million manat (9.7 percent) to the state budget. Tax revenues reduced by 8.7 percent, while customs deductions increased by 4.6 percent per annum.

Some 50.2 percent (3.68 billion manat) accounted for the economic expenditure or by 5.7 percent or 199.7 million manat more than in the same period of 2014.

Some 3.3 billion manat of this amount (a 7.3 percent growth) was allocated to the sphere of industry, construction and minerals, 133.6 million manat (a 9.9 percent decrease) - agriculture, forestry and environmental protection.

Some 11.1 percent (817 million manat with a 2.4 percent decrease), health care costs - 3.1 percent (228.2 million manat with a 2.7 percent growth) accounted for the social security and protection costs in January-May 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-May 2015

Items

Jan.-May 2015

Specific weight, %

Compared to Jan.-May 2014, %

Execution,

mln manat

total

In GDP

Income in total

6424,4

100,0

30,1

80,1

Including:

Income taxes from population

428,3

6,7

2,0

112,2

Profit taxes

924,7

14,4

4,3

83,2

Land taxes

19,7

0,3

0,1

123,1

Property taxes

58,1

0,9

0,3

97,3

VAT

1255,5

19,6

5,9

97,6

Excises

259,1

4,0

1,2

76,4

Tax for natural wealth

46,7

0,7

0,2

84,1

Tax on external economic activities

257,8

4,0

1,2

97,1

Including:

Import duties

176,0

2,7

0,8

145,8

Other taxes

108,2

1,7

0,5

135,9

Other income

3066,3

47,7

14,4

69,3

Expenses in total:

7330,2

100,0

34,3

99,5

State expenses

Including:

594,9

8,1

2,8

120,2

Membership fees to the international organizations

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

71,4

1,0

0,3

127,0

Education

389,1

5,3

1,8

102,1

Health

524,8

7,2

2,5

105,9

Social security and social provision

228,2

3,1

1,1

102,7

Culture, art, physical culture, and religious activities

817,0

11,1

3,8

97,6

Expenses on economy

96,0

1,3

0,4

83,7

Expenses in total:

3679,7

50,2

17,2

105,7

Including:

Housing and communal economy

89,2

1,2

0,4

73,7

Agriculture, forestry and fishery

133,6

1,8

0,6

90,1

Industry and construction

3291,8

44,9

15,4

107,3

Transport and communications

30,4

0,4

0,1

104,5

Other expenses

1000,5

13,7

4,7

74,5

Surplus

905,8

-

4,2

-

Source: State Statistics Committee and Ministry of Finance

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