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Public budget of Azerbaijan (January-February 2018)

Analysis Materials 18 April 2018 17:53 (UTC +04:00)

According to the Azerbaijani State Statistics Committee, the country's state budget surplus was observed in January-February 2018. In January-February, the state budget revenues reached 2,609.5 million manat, expenses - 2,469.6 million manat. The state budget surplus worth 139.9 million manat is equal to 1.2 percent of the country's GDP.

Execution of state budget in January-February 2018

Jan.-Feb. 2018

mln manat

Jan.-Feb. 2018 compared to Jan.-Feb. 2017, %

Jan.-Feb. 2017 compared to Jan.-Feb. 2016, %

Income - total

2,609.5

110.1

99.5

Expenses - total:

2,469.6

112.7

162.8

Deficit

139.9

Source: State Statistics Committee and Finance Ministry

Azerbaijan's State Customs Committee transferred 445.75 million manats to the state budget in January-February 2018, which is 20.8 percent more than in January-February 2017.

Revenues from customs duties amounted to 219.66 million manats, revenues from value added tax (VAT) - 151.69 million manats, revenues from excise duty - 6.39 million manats, and revenues from highway-use tax - 2.6 million manats in February 2018.

Revenues from the customs duties increased by 16.8 percent, revenues from VAT - by 11 percent, revenues from the excise tax - by 19.2 percent and revenues from the highway-use tax - by 8.3 percent in February 2018 as compared to February 2017.

The forecast on customs revenues of Azerbaijan's state budget was 2.43 billion manats for 2018.

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