Finance

Home page

Finance

Azerbaijan sees AZN 1.6 bln-surplus in state budget fulfilment for 9 months of 2013

08 October 2013 09:41 (UTC +04:00)

Thus, budget receipts were over fulfilled by 3.9% against AZN 13,786.2 mln-forecast, up 14.4% from 2012.

Ministry of Taxes fulfilled the receipts forecast by 104.7% transferring AZN 4,929.9 mln to the state budget, up 8.2% by contrast to a year earlier. Of this, 55.4% or AZN 2,732.0 mln came from non-oil sector, up 11.3% from 2012. In 9 months of 2013, State Customs Committee fulfilled the forecast by 100.2% transferring AZN 1,011.7 mln to the state budget, which exceeded previous year’s index by 14.8%. State Oil Fund transferred AZN 8,339.9 mln, up from 2.2 times or AZN 48.5 mln from other receipts.

Expenditures were fulfilled by 91.0% or AZN 12,713.7 mln compared to forecast, up 14.9% from a year earlier. In accordance with the economic classification, AZN 3,530.0 or 27.8% of the state budget expenditures was directed to financing of the social expenses (payment fund of the labor, pension and social benefits, medicine and food expenses), up 4.8% by contrast to 2012.

In accordance with functional classification, expenses connected with economic activities grew by 1.8 times (AZN 108.3 mln), industrial, construction and mineral products – 27.8% (AZN 1,060.3 mln), transport anf communication – 26.2% (AZN 12.7 mln), defense – 16.8% (AZN 133.8 mln), Culture, art, information, physical education and other categories – 15.6% (AZN 25.1 mln), health – 8.9% (AZN 33.7 mln), social protection and social security – 2.3% (AZN 30.9 mln), education – 1.8% (AZN 16.0 mln).

In 9 months of this year, AZN 4,960.0 mln was directed to state capital investment costs, 28.1% higher than last year. AZN 1,277.0 mln of it was spent to construction and reconstruction of science, education, health, culture, sports and other socio-cultural and household facilities; AZN 3,683.0 mln - construction and reconstruction of energy, water and gas supply, transportation, utilities, irrigation infrastructure and other areas.

In 9 months of this year consolidated budget incomes were fulfilled at AZN 16,929.0 mln, up 4.0% from last year. Consolidated budget costs were fulfilled at AZN 14,399.4 mln, up 13.9% from 2012.