Finance

Finance

State budgetâ€™s incomes increase by 17%, expenditures â€“ 23% in first half of 2013

23 July 2013 10:49 (UTC +04:00)

According to Ministry, the income of the budget was 13.4% up from forecast, 17.1% - from previous year. The Ministry of Taxes has fulfilled the forecast by 107.4% and transferred AZN 3,316.5 mln, up AZN 227.4 mln from forecast, AZN 349.0 mln or 14.8% - from previous year.

Fulfilling the forecast by 100.3% the State Customs Committee transferred AZN 639.9 mln to the state budget, 17.8% from a year earlier.

Moreover, by contrast to AZN 15.1 mln-other incomes, AZN 33.7 mln was transferred the state budget, up 2.2 times compared to a year earlier.

State Oil Fund of Azerbaijan transferred AZN 5,534.7 mln to the state budget.

The expenditures of the state budget were up 2.4% from forecast, 22.8% - from 2012. In accordance with the economic classification, AZN 26.7% or AZN 2,330.5 mln of expenditures directed to financing of social expenses, up 1.3% in comparison to a year ago.

In accordance with the functional classification, the expenditures for economic expenses (NESF, Agrolizing, State agency on agricultural loans under the Ministry of Agriculture, Mortgage Fund) rose 1.6 times, (AZN 62.3 mln), industry, construction and minerals – 32.2% (AZN 809.6 mln), defense - 21.8% (AZN 112.5 mln), transport and communication – 20.3% (AZN 5.9 mln), culture, art, information, physical education and spheres not belonging to other categories – 12.9% (AZN 13.1 mln), health – 12.6% (AZN 28.8 mln), agriculture, forestry, fishery, hunting and environmental protection – 8.3% (AZN 15.1 mln), education – 0.9% (AZN 5.4 mln).

During the reporting period, AZN 730.0 mln was directed to construction and reconstruction of scientific, educational, health, cultural, sport and other socio-cultural objects, residential houses for disabled veterans, martyrs' families and other such objects, AZN 2,129.0 mln – to energy, water and gas supply, transport, construction and reconstruction meliratn infrastructures.

Incomes of the consolidated budget during the reporting period made ANZ 11,256.9 mln, expenditures – AZN 9,818.1 mln.