Azerbaijan’s fiscal revenue rises 1.1%, expenditure up 8.4%

Azerbaijan’s fiscal revenue rises 1.1%, expenditure up 8.4%
# 17 August 2009 16:16 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s state budget revenue was AZN 4.9 billion for the first half of 2009, up 1.1% from a year ago, said the State Statistical Committee.

According to the report, the budget expenditure reached AZN 4.4 billion, up 8.4% from a year ago. Budget surplus made AZN 424 million, accounting for 3% of GDP.

Tax incomes came 45.4% from VAT, 24.1% from corporate profit tax, 13.5% from income tax, 5.5% from excise tax and 5.2% from foreign economic activities.

Expenditure went 44% to investments in the national economy, 12.2% to social protection and security and 15.2% to education and healthcare.

Salaries earned by the population accounted for 30.9% of the total expenditure.
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