Bank Of Baku

Azerbaijani state budget incomes to decline in 2014

Azerbaijani state budget incomes to decline in 2014
# 07 October 2013 14:19 (UTC +04:00)

According to the Ministry, State Budget for 2014 is proposed with revenue of AZN 18.384 bn and expenditures of AZN 20.063 bn. The deficit of the budget is limited to AZN 1.679 bn.

 

The Budget revenue in 2014 is based on Oil Fund transfer (AZN 9.3 bn). The Ministry of Taxes will pay AZN 7.1 bn to the Budget and State Customs Committee – AZN 1.5 bn.

 

The Budget expenditures are based on AZN 6.290 bn capital allocations from the budget under the program of AZN 7.374 bn state investments.

 

The expenditures for education will make up AZN 1.653 bn and for defense – AZN 1.637 bn.

 

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