Bank Of Baku

35% of expenditures in Azerbaijan’s state budget-2013 falls to share of capital investment

35% of expenditures in Azerbaijan’s state budget-2013 falls to share of capital investment
# 15 October 2012 11:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Most of expenditures in Azerbaijan’s state budget-2013 are government capital investment. According to Ministry of Finance, these expenditures make AZN 6,915.2 mln and 34.9% of total budget expenditures (AZN 19,810 mln). Annual growth rate of government capital investment is expected to be 19.8%.

Besides, main expenses in state budget are for social protection and social security (AZN 1,813.6 mn or 9.2%), common government services (AZN 1,802 mln or 9.1%), education (AZN 1,530.4 mln or 7.7%), defense (AZN 1,528.6 mln or 7.7%), judicial administration, law enforcement and prosecutor’s office (AZN 1,081.8 mln or 5.5%).

Compared with this year’s forecasts, social protection and social security expenditures are expected to increase by 1.6%, common government services – by 52.7%, education – by 1.2%, defense – by 8.6%, judicial administration, law enforcement and prosecutor’s office – by 12.2%.
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