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Azerbaijan increases investment expenditures by 80%

Azerbaijan increases investment expenditures by 80%

17 April 2012 08:26 (UTC +04:00)

Baku. Ali Ahmadov - APA-Economics. In January-March, 2012, AZN 3,487.7 mln funds entered the budget, up 26% compared to last year, Minister of Taxes Fazil Mammadov said at the meeting held on under the leadership of President Ilham Aliyev on socio-economic development in the first quarter of 2012.

AZN 1,390.4 mln of revenues fell to share of the Ministry of Taxes, AZN 251.7 mln - State Customs Committee, AZN 1,839.8 mln - State Oil Fund.

In the first quarter of this year, state budget expenditures amounted to AZN 2,843.12 million, up 36.2% compared to the same period last year. In addition, 41.4% of expenses or AZN 1,178 million fell to share of social sphere. In the first quarter of this year, investment budget expenditures amounted to AZN 1,015 million, up 80% compared with the same period last year.

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