Surplus of State Budget of Azerbaijan for Seven Months Amounted to 3.6% of GDP

BAKU/16.09.13/TURAN : In January -July budget surplus ( positive difference between revenue and expenditure ) amounted to 3.6 % of GDP, or 1 billion 147.2 million manat. The Statistics Committee said with reference to the Ministry of Finance , during this period , budget revenues increased compared to the previous year by 17.5 % or 1690.2 million manat , expenses - 18.8% - 1618.5 million manats.

As of August 1, the state budget revenues amounted to 11 billion 371.4 million manat. The main burden (59.2 % ) forms the tradition of recent years not to tax , that is, transfers from the State Oil Fund. The remaining amount of income taxes fell to - 14.8 % tax on the profits of legal entities , 13.2 % - VAT 4.2% - a tax on individuals , 3.3 % - taxes on foreign trade , 3% - excise taxes, 2.3% - Other Forks tax revenues.

Expenses during the period were at 10 billion 224 million manats , most of which focus on the social sector and the financing of economic activities. In this case, 44.4 % , or 4 billion 540.2 million manats investment costs , 10 % or 1 billion 25.3 million manat allocated to social protection and social security . At about the same - 10.6 % or 1 billion 84.9 million manat allocated to education and health care.

Ministry of Finance report on the state budget in January -July, late, the State Statistics Committee figures do not reflect the same basic set of parameters. - 17B-