Finance

Finance

Azerbaijanâ€™s state budget incomes increased by 13%, expenditures â€“ by 10% last year

16 January 2014 11:38 (UTC +04:00)

According to Ministry, receipt of state budget has been fulfilled by 101.8% and the incomes increased by 12.8% compared to 2012. Ministry of Taxes fulfilled the receipt forecast by 104.1% and transferred AZN 6,664.0 mln to the state budget, up 10.6% from 2012. State Customs Committee fulfilled the forecast by 100.2% and transferred AZN 1,383.2 mln, up 14.5% by contrast to 2012. In 2013, AZN 90.7 mln was transferred to the state budget from other incomes, up 3.8 times from forecast. State Oil Fund transferred AZN 11,350.0 mln.

State budget expenditures have been fulfilled by 96.3% and total expenditures was 9.7% more than 2012. 50.7% or AZN 9,688.1 mln of state budget expenditures went to current expenses, 45.5% or AZN 8,696.3 mln – capital expenditures, as well as AZN 6,915.0 mln – to state investments, 3.8% or AZN 728.2 mln – to public debt.

32.6% or AZN 6,239.0 mln of state budget expenditures has been directed to social expenses, up 10.6% from 2012.

In 2013, incomes of consolidated budget made AZN 22,919.3 mln (fulfillment – 110.6%), up 2.6% from 2012. Expenditures rose 8.9% to AZN 21,857.0 mln (fulfillment – 89.2%).