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Draft budget-2012 of Azerbaijan to be discussed for 4 days at Parliament

Draft budget-2012 of Azerbaijan to be discussed for 4 days at Parliament

11 November 2011 13:12 (UTC +04:00)

To him, 4 sessions devoted to discussion of parliamentâ€™s draft budget are considered to hold.

Remind that, draft budget for 2012 entered the parliament on October 24.

Note that, in 2012, incomes of consolidated budget are considered at AZN 16,436.4 mln, expenses â€“ AZN 16,984.4 mln, deficit â€“ AZN 548 mln. Revenues from SOFAR next year are forecasted at AZN 9.9 bln or 60.3% of total budget revenues, from Taxes Ministry â€“ AZN 5.3 bln (32.3%), State Customs Committee â€“ AZN 1.2 bln (7.3%). Other revenues will make 0.1% of total budget revenues.

AZN 3.2 bln or 59.95 of total funds via the Taxes Ministry will fall on share of non-oil sector, AZN 2.1 bln or 40% - oil sector.

The funds via the State Customs Committee are expected to be more than 5.7% compared to last year.

The transfers from the SOFAR to state budget within 2012 will be AZN 700 mln or 7.6% more than the end of the current year.

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