Bank Of Baku

Azerbaijan’s state budget surplus increases by 85%

Azerbaijan’s state budget surplus increases by 85%
# 19 April 2012 11:26 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The state budget revenue made AZN 2,475.0 mln in January-February, 2012, while expenditures made AZN 186.7 bln, said the State Statistical Committee.

The budget surplus reached AZN 1,188.3 mln, accounting for 14.9% of GDP.

Compared to last year, budget revenues increased by 35.3%, expenses – 8.4%, surplus dropped 85%.

21.7% or AZN 287.7 mln of budget expenses spent to development of economy, AZN 174.3 mln or 13.5% – to education, AZN 343.6 mln or 26.7% - to social protection.
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