12% growth expected in Azerbaijan’s state budget for 2013

12% growth expected in Azerbaijan’s state budget for 2013
# 15 October 2012 07:49 (UTC +04:00)
In the structure of budget incomes, AZN 11,350 mln or 59.3% falls on share of SOFAZ, AZN 6,400 mln or 33.4% - Taxes Ministry, AZN 1,380 mln or 7.2% – State Customs Committee, AZN 5 mln - revenues from leasing of state property and AZN 19 mln – other revenues. AZN 3,760 mln or 58.8% of revenues via the Taxes Mnistry falls on share of non-oil sector. The volume of tax revenues are considered at 8.3% more than the last year. the revenues via the Customs Committee are expected to increase by 15% compared to 2012.

Incomes of consolidated budget are forecatsed at AZN 20,723.7 mln, expenses – AZN 24,460.1 mln, deficit – AZN 3,76.4 mln. In the structure of consolidated budget incomes’, AZN 19,154 mln falls on share of state budget, AZN 11,818.8 mln – SOFAZ AZN 2,632.7 mln – State Social Protection Fund, AZN 332.7 mlnb – incomes of the Nakhchivan Autonomous Republic budget. In the structure of consolodated budget expenses’, AZN 19,810 mln falls on share of state budget, AZN 13,599.3 mln – SOFAZ, AZN 2,632.7 mln – State Social Protection Fund, AZN 332.7 mln – expenses of the Nakhchivan Autonomous Republic budget, AZN 1,300 mln – expenses on the projects, financed at the cost of foreing credits.
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