Bank Of Baku

State budget surplus sharply decreases in Azerbaijan

State budget surplus sharply decreases in Azerbaijan
# 15 April 2013 11:52 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s state budget revenues in January-February, 2013, amounted to AZN 3.2 bn, expenses – AZN 2.9 bn.

 

The State Statistical Committee told APA-Economics that AZN 308.9 mln-surplus arose between revenues and expenses made 3.7% of GDP.

 

Compared to last year, budget revenues grew by 28%, expenses rose 2.2 times, surplus dropped 3.8 times.

 

‘AZN 1.5 bn or 51.9% of budget expenses was directed economic development, AZN 344.3 mln or 11.9% - to social protection and social security, AZN 185.1 mln or 6.4% - to education and health’, said the Committee.

 

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