The actual revenue in the revenue part of Azerbaijan's state budget amounted to 8.02 billion AZN in January-May 2014 (34.2 percent of GDP) dropping by 2.7 percent compared to the same period of 2013.
State budget expenditures decreased by 0.9 percent and stood at 7.37 billion AZN (31.4 percent of GDP). The budget surplus for January-May amounted to 654.5 million AZN, which made up 2.8 percent of GDP. The budget surplus has decreased compared to the same period of 2013 (815 million AZN).
Some 3.1 billion AZN (38.9 percent) in the structure of revenues is ensured by the Ministry of Taxes. Revenues from customs duties and taxes amounted to 597.5 million AZN (with 7.4 percent share), from other sources - 4.3 billion AZN (53.7 percent).
Tax collections increased by 7.2 percent, the customs duties - by 14.3 percent and revenues from other sources decreased by 10.6 percent compared to the same period of 2013.
During the reporting period, some 1.3 billion AZN were received from VAT collection, which represents 13.9 percent of total income; profit tax revenues amounted to 1.1 billion AZN (13.9 percent), income tax - 381.8 million AZN (4.8 percent), excise tax - 339 million AZN (4.2 percent), property tax - 59.7 million AZN (0.7 percent), land tax - 16 million AZN (0.2 percent), tax on mineral resources - 55.5 million AZN (0.7 percent), and the tax on foreign economic activity - 265.6 million AZN (3.3 percent).
Some 837.3 million AZN of the budget (with a share of 11.4 percent) was directed to social security and protection of the population; education - 495.4 million AZN (6.7 percent), health care - 222.2 million AZN (three percent), maintenance of the prosecution, security, law enforcement, judicial bodies - 381.1 million AZN (5.2 percent), investments in the economy - 3.5 billion AZN (47.2 percent).
Some 1.5 billion AZN (20.9 percent) of public expenditures was spent on payment of salaries, pensions and benefits.
The state budget revenues for 2014 are planned to hit 18.384 billion AZN, while expenses - at the level of 20.063 billion AZN.
Execution of public budget in January-May 2014
|
Items |
January-May 2014 |
Specific weight, % |
Compared to January-May 2013, % |
|
|
Execution, mln AZN |
total |
In GDP |
||
|
Income in total |
8023,0 |
100,0 |
34,2 |
97,3 |
|
Including: |
||||
|
Income taxes from population |
381,8 |
4,8 |
1,6 |
117,4 |
|
Profit taxes |
1111,6 |
13,9 |
4,7 |
89,6 |
|
Land taxes |
16,0 |
0,2 |
0,1 |
128,0 |
|
Property taxes |
59,7 |
0,7 |
0,3 |
122,8 |
|
VAT |
1286,4 |
16,0 |
5,5 |
123,2 |
|
Excises |
339,0 |
4,2 |
1,5 |
146,8 |
|
Tax for natural wealth |
55,5 |
0,7 |
0,2 |
109,7 |
|
Tax on external economic activities |
265,6 |
3,3 |
1,1 |
105,7 |
|
Including: |
||||
|
Import duties |
120,7 |
1,5 |
0,5 |
128,1 |
|
Other taxes |
79,6 |
1,0 |
0,3 |
115,0 |
|
Other income |
4427,8 |
55,2 |
18,9 |
89,0 |
|
Expenses in total: |
7368,5 |
100,0 |
31,4 |
99,1 |
|
Including: |
||||
|
State expenses |
495,1 |
6,7 |
2,1 |
76,3 |
|
Including: |
||||
|
Membership fees to the international organizations |
56,2 |
0,8 |
0,2 |
138,4 |
|
Maintenance of legal authorities, law-enforcement bodies, security and prosecution bodies |
381,1 |
5,2 |
1,6 |
109,4 |
|
Education |
495,4 |
6,7 |
2,1 |
104,2 |
|
Health |
222,2 |
3,0 |
1,0 |
107,7 |
|
Social security and social provision |
837,3 |
11,4 |
3,6 |
109,3 |
|
Culture, art, physical culture, and religious activities |
114,7 |
1,6 |
0,5 |
120,2 |
|
Expenses on economy |
3480,0 |
47,2 |
14,8 |
104,3 |
|
Including: |
||||
|
Housing and communal economy |
121,1 |
1,6 |
0,5 |
115,8 |
|
Agriculture, forestry and fishery |
148,2 |
2,0 |
0,6 |
90,9 |
|
Industry and construction |
3068,3 |
41,6 |
13,1 |
105,9 |
|
Transport and communications |
29,1 |
0,4 |
0,1 |
113,2 |
|
Other expenses |
1342,7 |
18,2 |
5,7 |
86,2 |
|
Surplus |
654,5 |
- |
2,8 |
- |
Source: State Statistics Committee and Ministry of Finance