Before November 1, social sphere spent 4.5 times less than the cost of investment projects

BAKU/19.12.13/Turan : In January-October this year, the Azerbaijani state budget executed with a surplus of 2 billion 214.1 million ( 4% of projected GDP ) . This means that in November and December in order to achieve the planned deficit of 691 million manat ( 1.2% of GDP ), the Ministry of Transport , Ministry of Economic Development and other agencies responsible for investment, will spend about 3 billion manats mode Avraham.

According to the Ministry of Finance , the budget revenues supplemented by 16 billion 234.8 million ( +14.1 % compared to November 1, 2012 ) at a cost of 14 billion 20.7 million ( 14.8 %) .

Transfers from the State Oil Fund are not reflected in the report , but this figure is below 50%. The remaining numbers in the following ranges - 14% income tax , 13.5 % - VAT , 3% - excise, 4.5 % - income tax on individuals , as well as "other types of taxes and revenues."

Expenditure structure is almost half (44.4%) of funds - 6 billion 223.6 million manats spent on investment projects " economic development ", while social protection and social security took 1 billion 509.3 million ( 10.8 %). Funding for education at a cost of 983.8 million ( 7%), health care spent 467 million manat ( 3.3%).

Recall State Budget for this year endorsed with revenues of 19 billion 159 million manats and expenditure of 19 billion 850 million manats with a deficit at the level of 691 million manat or 1.2% of GDP . - 17D-