Finance

Finance

Azerbaijani Parliament discusses draft law on fulfillment of state budget-2011

29 May 2012 11:28 (UTC +04:00)

Baku. Ali Ahmadov â€“ APA-Economics. At todayâ€™s plenary meeting, Azerbaijani Parliament discussed draft law on fulfillment of state budget-2011.

State budgetâ€™s receipts forecast at amount of AZN 15,707.7 mln or 100.9% against AZN 15,554.2 mln was fulfilled, up AZN 4,297.7 mln or 37.7% from a year earlier. Share of budget revenues in GDP made 31.4%. 34.9% of budget incomes came from the Taxes Ministry, 7.3% - State Customs Committee, 57.3% - SOFAZ, 0.5% - other sources.

During the reporting period, Taxes Ministry provided 5,471.9 mln or 6% against AZN 5,160 mln, up AZN 1,179.4 mln or 27.5% compared to 2010.

Azerbaijan International Operating Company collected AZN 1,330.9 mln or 280.9 mln more against AZN 1,010 mln; SOCAR gathered AZN 1,260.8 mln or AZN 0.8 mln more against AZN 1,260.0 forecast. AZN 2,880.3 mln or AZN 30.3 mln were collected on non-oil sector.

The State Customs Committee fulfilled annual forecast at AZN 1,141.5 mln or 100.1%.

Last year, State Committee on Property Issues transferred AZN 5.1 mln to the budget.

AZN 82.1 mln-revenues entered the state budget on other spheres.