Azerbaijan’s 2012 budget fulfilled by surplus

 Azerbaijan’s 2012 budget fulfilled by surplus
# 02 February 2013 08:59 (UTC +04:00)

According to APA-Economics, the Minister Samir Sharifov noted that the country achieved macroeconomic stability, growth in non-oil sector and stable fulfillment of state budget. Population’s standard of living and monetary incomes, currency stocks increased.

According to initial information, 2012’s consolidated budget revenues were fulfilled by AZN 22.1 bln or 101%, consolidated budget expenditures – by AZN 19.7 bln or 94.4%. Receipts of state budget made AZN 17.3 bln or 101.4%, expenses – AZN 17.1 bln or 96.7%. Thus, the budget was fulfilled by surplus of AZN 0.2 bln.

55.3% of state budget expenditures went to current expenditures, 43.4% - to capital expenditures, 1.3% - expenses for to public debts. The expenditures for education, culture, social protection and social security, defense, agriculture were 8.7% more than a year earlier. AZN 4.7 bln or 27.4% from state budget went to social expenditures, up 7.9& from 2011.

Sharifov spoke about returning of Soviet savings and noted that from June 1, 2012 to January 1, 2013, AZN 554,711,000 was returned to the depositors as lump-sum payments. He also noted that, the Commission, established in accordance with the decree of Azerbaijani President on “measures about strengthening of social protection of military servicemen of Armed Forces of the Republic of Azerbaijan” dated to December 28, 2011, started to provide the military servicemen who has 20-year services with the apartments.

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