Online Finance (http://www.maliyye.gov.az/node/1552) published online data on the execution of the state budget of Azerbaijan in the first quarter of 2013.
The budget revenues amounted to 4 billion 669.6 million manat (+31% against the forecast), expenses - 4 billion 514.8 million manat (+58.8% compared to the previous year) with insignificant surplus (154.8 million against 644.5 million to 1 April 2012).
The revenue part is provided mainly by transfers from the State Oil Fund - 2 billion 840.4 million manat (+60.83% compare with last year's 52.8%), the Ministry of Taxes - 1523.5 million manat (+32.6% against last year's 39.9%), and in part the State Customs Committee - 289.5 million manat.
The government had kept a promise to make the investment expenditure budget (allocated 42.37% of public funds). For investment projects took 1 billion 688 million manat (1.9 times more than expected and that many times more than last year level), of which 225 million manat spent on social projects, the remaining amount - for land reclamation, transportation, communal infrastructure and industrial projects. Total for these items state capital investments amounted to 1 billion 913 million manats - 929 million more than last year. But on a range of social needs (the wage fund, social benefits and pensions, food security and the purchase of drugs) spent 25.8% (previous year: 41.4%) of the funds - 1 billion 164 million manats.
As a percentage, total costs increased more (compared with the forecasts of the government) on various types of economic activity - by 2.1 times, or 49.5 million manat, on defense - in half, or 100 million manat. Noticeable was the increase in spending on the environment and agriculture - 49.1% or 29.1 million manat. For comparison, the growth in health spending accounted for 13.2% and the expenses on education were within the limits of the forecast.
As expected specialists, the trend was the steady increase in the level of transfer from the oil fund and bringing its share of budget revenues and 61% for the purpose of investing in land reclamation and construction (in these areas the least transparency movement control the budget). - 17D-
Economics
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