Azerbaijan’s President approves 2013 state budget

Azerbaijan’s President approves 2013 state budget
# 15 December 2012 10:56 (UTC +04:00)

APA reports that according to the President’s order on application of the law on “State budget of the Azerbaijan Republic for 2013”, the minimum limits of the tasks for government bodies and institutions have been determined to ensure tax revenues.

Under the decree, AZN 6 400 million will be contributed by the Taxes Ministry, the profit tax of the contractors on the production sharing agreement in the sphere of oil and gas will be AZN 1 150 million, taxes and other payments consolidated through the State Oil Company of Azerbaijan Republic (with the exception of income taxes of individuals) will be AZN 1 490 million, taxes on non-oil sector and non-tax payments will be AZN 3 760 million, on the State Customs Committee of Azerbaijan will be AZN 1 380 million.

According to the decree, the budget expenses envisaged in article 8 of the Law of Azerbaijan Republic on “2013state budget of Azerbaijan Republic” will be distributed among the budget-funded organizations and organizations receiving financial aid. The government agencies are given relevant instructions for the implementation of the budget.

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THE OPERATION IS BEING PERFORMED