Public budget of Azerbaijan (january-september 2015)

The deficit of the Azerbaijani state budget amounted to 92.1 million manat (0.2 percent of GDP) in January-September 2015.

The state budget was executed with a surplus of 1.38 billion manat in the same period of 2014.

The state budget has been executed with a deficit for the seventh 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 2014. 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 the surplus worth 108.4 manat in 2014, the deficit worth 822.5 million manat in January-April compared to the surplus worth 402.6 million manat, the deficit worth 905.8 million manat in Janaury-May compared to the surplus worth 654.5 million manat, the deficit worth 770.9 million manat in January-June compared to 615 million manat, the deficit worth 595.7 million manat in January-June compared to the surplus worth 774 million manat, the deficit worth 127 million manat in January-August compared to the surplus worth 938.4 million manat.

The actual income in the revenue part of Azerbaijan's state budget amounted to 12.07 billion manat in January-September 2015, which is 14.2 percent less than in the same period of 2014.

The state budget expenditures decreased by 4.2 percent and amounted to 12.16 billion manat. Some 42.2 percent (5.09 billion manat) in the structure of revenues were ensured through the Ministry of Taxes. The Azerbaijani State Customs Committee transferred 1.12 billion manat (9.3 percent) to the state budget.

The tax revenues reduced by 4.7 percent, while customs deductions - by 0.9 percent per annum.

Some 39.4 percent or 4.79 billion manat in the structure of budget expenditures accounted for the expenditure connected with the economic activity or by 12.5 percent or 687.1 million manat less than in the same period of last year.

Some 4.01 billion manat of this amount (a 12 percent decrease) was allocated to the sphere of industry, construction and minerals, 317.2 million manat (a 14.5 percent decrease) - agriculture, forestry and environmental protection.

Some 11.8 percent (1.43 billion manat with 2 percent decrease) accounted for the social security and protection costs, while 3.7 percent (454 million manat with a 0.9 percent growth) accounted for the health care costs in January-September 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-September 2015

Source: State Statistics Committee and Ministry of Finance