Transfers from State Oil Fund to State Budget by April 1 Amounted to 49.3% of Total Revenues

Azerbaijan's state budget in the first quarter had a deficit of 251 million manat or 2.2% of GDP.

According to the information on the website the Ministry of Finance, by April 1, total budget revenues amounted to 3 billion 938,800,000 manat. Transfers from the State Oil Fund were in the lead, as usual, - 1 billion 941,700,000 manat or 49.3% of total revenues. Revenues by the Ministry of Taxes amounted to 1 billion 594,800,000 manat. The State Customs Committee gave 341.9 million manat and "other income " was 11.8 million manat.

The total expenditure by April 1 was at 4 billion 198,800,000 manat. In the investments 911,600,000 manat was spent on infrastructure projects, 507.7 million manat - to finance social projects, and 10.2 million manat - to finance projects in the Nakhchivan Autonomous Republic. Social spending in aggregate absorbed 1 billion 380,600,000 manat (33% of total budget expenditures).

Though there are no absolute figures for some items, the amount of funding the defense capability increased 24.2% and that for health care - by 7%.

The budget revenues for 2015 have been approved at 19 billion 438 million manat and the expenses - 21 billion 100 million manat by the head of state. The deficit is projected at 1 billion 662 million manat or 2.8% of GDP.--17D-