In comparison with 7 months of last year state budget revenues decreased by 2.5%
In January-July 2014 actual revenues to the state budget of Azerbaijan amounted to 11.1 billion manat (32.6% of GDP), down 2.5% compared to the same period last year. Processed data on government budget expenditures for the period increased by 0.9 percent to 10.3 billion manat (30.3% of GDP). Surplus (positive difference) - 774 million manat or 2.3% of GDP. Backlog of budget revenues compared with last year's counterparts observed since January.
The revenue of the state budget by 39.6%, or 4.4 billion manat provided by the Ministry of Taxes. Customs officers joined the treasury duties and taxes 868 100 000 manat or 7.8%, other sources, including the main weight of the SOFAZ, provided revenue up to 5.8 billion manat or 52.6%.
During the reporting period from the value added tax (VAT) to the state budget received 1.8 billion manat, or 16% of total revenues. Income tax has provided 1.6 billion manat or 14.2% of revenues, income tax - 549 mln. manat, excise tax - 466.5 million manat. Property tax is deposited in the state treasury 82.6 million manat, land tax - 21 million manat, tax on mineral resources - 74.9 million manat and tax on foreign operations - 431.9 million manat.
Most spent on investments in the economy - 4.6 billion manat or 45%. On the payment of salaries, pensions and allowances spent 21.7% or 2 billion 233,500,000 manat. Social security and protection of the public cost 1.1 billion manat - the proportion of 10.8%, education - in 833,300,000 manat (8.1%), health care - 345.8 million manat (3.4% ), maintenance of the prosecution, security, law enforcement, judicial authorities - 562.6 million manat (5.5%).
Recall revenues of the state budget for 2014 was estimated at 18.384 billion manat, expenses – 20 063 000 000 manat. The share of central revenues of 17 billion. 601,580,000 manat, and the rest - the share of local funding. -17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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