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Oil price to be $60 in Azerbaijanâ€™s state budget for next year

31 August 2010 08:34 (UTC +04:00)

He says the state budget project will be submitted to Cabinet of Ministers in the middle of September. The budget incomes are still discussed.

He also noted that state budget incomes made 102.6%, expenditure rose sharply: â€œPremium were satisfactory in Julyâ€

Note that, AZN 4 922.7 mln was transferred to state budget, up 1.3% compared with a year ago. Of this AZN 915.4 mln or 18.6% came from VAT, AZN 728.5 mln or 14.8% from profit tax, AZN 273.7 mln or 5.5% from income tax, AZN 185.5 mln or 3.8% from excise tax, AZN 64.8 mln or 1.3% from mining tax.

At the same time, AZN 4 276.7 mln was spent from the budget down 3.6% compared with a year ago. Budget surplus made AZN 646 mln, up 52.3% from year earlier. AZN 1 633.4 mln or 38.2% went to development of economy, AZN 610.8 mln to social protectionm AZN 513.2 mln to education.

33.5% or AZN 1 432.5 mln went to salary and pension.