Bank Of Baku

Azerbaijan’s budget surplus decreases by 14%

Azerbaijan’s budget surplus decreases by 14%
# 19 November 2010 09:10 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s state budget revenue was AZN 7.5 billion, expenditure AZN 6.8 billion and surplus AZN 667.9 million for January-September, 2010 said the State Statistical Committee.

According to the SSC, the budget expenditure rose 4.6%, revenue soared 4.2 % and surplus down 14.2% from a year ago.

Tax incomes came 30.5% from VAT, 51.4% from income tax of the juridical persons, 5.9% from income tax of the physical persons 6.5% from excise tax and 1.8% from foreign economic activities.

Expenditure went 38.5% to investments in the national economy, 13.3% to social protection and security and 11.3% to education and healthcare.
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