Signed into law on State Budget for 2014

Baku/20.12.13/Turan : President Ilham Aliyev signed on December 19 decree on the application of the state budget for 2014 , in which every 20th manat will be aimed at preparing European Summer Olympic Games in 2015.

State budget revenues for 2014 were approved at the level of 18,384 million manat, expenses - 20,063 manats.

According to the Law "On the State Budget for 2014 ," the state budget deficit will amount to 1679 million manat, and the consolidated budget ( excluding transfers from the State Oil Fund of the Republic of Azerbaijan ) - 14 084.9 million manat.

To ensure the state budget revenues Tax Ministry is to collect at least 7.1 bn ( in 2013 - 6.4 billion manat), including: tax on profits of contractors involved in the PSA contracts operating oil and gas fields - 997 million manat, SOCAR - 1,825 million ( excluding income tax ), tax and non-tax payments on the non-oil and non-gas sector - AZN 4.3 bn. The Plan of the State Customs Committee increased from 1380 million to 1510 million manat.

Expenditures on general public services will be 1 997.5 million manat, on defense - 1 637.3 million manat , the content of judicial, police and prosecutors - 1 240.3 million manat, next year for education will be sent 1 653.4 million manat , health - 725.5 million manat, social protection and social security - 2072.2 million manats , culture, art , information and physical culture - 311.4 million manat.

In 2014, the investment cost of state -financed from the state budget , will be 6 262.7 million manat. Of these, 1 billion manat will be spent on funding for the preparation of the first European Summer Olympic Games in Baku , scheduled for 2015 .

The head of state instructed the Cabinet to submit within two months of proposals for improving the mechanism for commitments for the country activities of local and international level . In 2014 these will be spent AZN 60 million . - 08D-