During 6 months, 2016 incomes of the consolidated budget totaled 9,626,700 AZN, while expenses – 8,226,100 AZN, reported the Azerbaijan Finance Ministry.
Incomes of the state budget totaled 6,133,800 AZN against the forecast of 7,771,500 AZN. The state budget expenses constituted 88.8% and totaled 6,821,500 AZN. As a result of that the budget deficit totaled 687,700,000 AZN.
The Taxes Ministry’s proceeds totaled 3,190,100 AZN. The non-oil sector ensured 77.8% or 2,481,100 AZN of incomes (+10.8% against the same period in 2015).
According to Turan, during this period incomes of the state budget from the oil industry totaled 2,469,000 AZN (4,618,600 AZN during 6 months, 2015), of which 709 million AZN (1,057 million AZN) has been paid by the oil companies and 1,760 million AZN (3,561,600 AZN) was transferred from the Oil Fund. The transfers from the Oil Fund were down 51.7% against the forecast.
The State Customs Committee ensured 995,400,000 AZN of proceeds to the state budget (+30.1%).-0—
Economics
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