Finance

Home page

Finance

12% growth expected in Azerbaijanâ€™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% â€“ State Customs Committee, AZN 5 mln - revenues from leasing of state property and AZN 19 mln â€“ 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 â€“ AZN 24,460.1 mln, deficit â€“ AZN 3,76.4 mln. In the structure of consolidated budget incomesâ€™, AZN 19,154 mln falls on share of state budget, AZN 11,818.8 mln â€“ SOFAZ AZN 2,632.7 mln â€“ State Social Protection Fund, AZN 332.7 mlnb â€“ incomes of the Nakhchivan Autonomous Republic budget. In the structure of consolodated budget expensesâ€™, AZN 19,810 mln falls on share of state budget, AZN 13,599.3 mln â€“ SOFAZ, AZN 2,632.7 mln â€“ State Social Protection Fund, AZN 332.7 mln â€“ expenses of the Nakhchivan Autonomous Republic budget, AZN 1,300 mln â€“ expenses on the projects, financed at the cost of foreing credits.