Transfers from the State Oil Fund to the state budget again exceeded 50%

Transfers from the State Oil Fund of Azerbaijan's state budget in the first half amounted to 4 billion 883.8 million manats, or 52.25% of its revenues. These and other data of the  basic fiscal law are  published on the  site of the Ministry of Finances.

According to Chief Financial Office, in January-June 2014 the total budget revenues amounted to 9 billion 338.8 million manat, expenses - 723.8 billion 8 million manat with a surplus of 615 million or 2.1% of  the produced GDP. Forecast on income  is fulfilled by 101.6%, expenditure - 94.7%.

In the structure of income, in the first place are  direct petrodollars, then  indirect revenues from the oil sector, through the Ministry of Taxes, enriched  by 3 billion 578.6 million manat, the State Customs Committee, to 732.8 million manat, the rest - other income.

In the structure of budgetary expenditures a champion of  financing is Defense Ministry, including  Defense Ministry (24.5% compared to last year), communal services,  and  strengthened the positions by  23.1%, followed by health care with education - by 7.6% per  each, as well as transport and communications - 6.3% gain. Social expenditure amounted to 2 billion 644.9 million manat with weight of 30.3% and an increase of 14.5%.

Champion on  costs  are traditionally investments  into the construction and reconstruction of social, sports infrastructure, and the construction of housing 1 billion invested 57.2 million  of state manat , additional  2 billion 315.8 million manats spent on construction and reconstruction of energy, water , gas, transport, utilities and reclamation structures. Volume of  financing in the Nakhchivan Autonomous Republic was 37.1 million manat.

Azerbaijan's state budget for 2014 was approved with revenues of 18 billion 384 million manats at a cost of 20 billion AZN 63 million (projected deficit of 1 billion 679 million manats, or 2.87% of GDP.) - 17D-