Azerbaijan’s state budget revenues reached 9,410.7 million manat, while expenses – 9,765.6 million manat in January-July 2017, the country’s state statistics committee said.
As a result, the state budget deficit was estimated at 354.9 million manat.
The state budget revenues for 2017 are projected at 16.766 billion manat, expenses - 17.941 billion manat.
The state budget deficit is expected to reach 1.175 billion manat, which is 1.8 percent of Azerbaijan’s GDP expected in 2017.
Execution of state budget in January-July 2017
|
Jan.-July 2017, mln manat |
Ratio between figures in Jan.-July 2017 and Jan.-July 2016, % |
Ratio between figures in Jan.-July 2016 compared to Jan.-July 2015, % |
|
|
Income – total |
9 410, 7 |
134, 3 |
74,7 |
|
Expenses - total: |
9 765, 6 |
119, 2 |
82,2 |
|
Deficit |
354,9 |
Source: State Statistics Committee and Finance Ministry
The Azerbaijani Ministry of Taxes transferred over 4.85 billion manat to the state budget in January-July 2017, which by 0.1 percent more than the forecast.
The revenues worth 7.645 billion manat (taking into account budgetary projection adjustment) are expected to be obtained through the Azerbaijani Ministry of Taxes in 2017, which is 45.6 percent of the total budget revenues.
The country’s State Customs Committee transferred almost 1.4 billion manat to the state budget in January-July 2017, which is by 18.64 percent more than in the same period of 2016.
The country’s State Customs Committee transferred over 256.6 million manat to the state budget in July 2017.
Some 61.3 million manat account for customs duties, 184.5 million manat - VAT, 8.06 million manat - excise and 2.8 million manat - road tax.
The country’s State Customs Committee decreased the customs duties by 33.15 percent in July 2017 compared to July 2016. VAT receipts increased by 49.5 percent, excise receipts decreased by 45.4 percent, while road tax receipts - by 7.7 percent.
The forecast on customs revenues to the Azerbaijani state budget for 2017 is 2.205 billion manat.
