Azernews.Az

By Sara Israfilbayova

Azerbaijani citizens increased expenses on purchasing goods in January of this year, leaving in the retail networks the amount of 2.794 billion manats ($1.643 billion), which is 2.4 percent more compared to the same indicator for the corresponding period of 2017.

The State Statistics Committee reported that the basic expenses of the population for the considered period of time again fell on food, beverages and tobacco products, and amounted to 1.411 billion manats ($829.95 million), which is 1.7 percent more compared to the same period last year.

Higher expenditures were made on non-food products, which amounted to 1.383 billion manats ($813.48 million), which is 3 percent more than in the same period last year.

Food products accounted for 1.253 billion manats ($737.01 million), beverages and tobacco products-158 million manats ($92.93 million), textile products, clothing and footwear-486 million manats ($285.86 million), electrical appliances and furniture-170 million manats ($99.994 million), automobile fuel-161 million manats ($94.70 million), pharmaceutical and medical products-37.6 million manats ($22.12 million), computer, telecommunication and printing equipment-20 million manats ($11.76 million), other non-food products-507.2 million manats ($298.33 million).

The population’s expenditures in 2017 amounted to 35.3 billion manats ($20.76 billion), in 2016-to 30.2 billion manats ($17.76 billion).

The state budget revenues in 2018 were approved at the level of 20.127 billion manats ($11.84 billion), expenditures at the level of 21.047 billion manats ($12.38 billion) [including centralized incomes – 19.47 billion manats ($11.45 billion) and local incomes – 653.3 million manats ($384.27 million), centralized expenses – 20.323 billion manats ($11.95 billion) and local expenses – 723.9 million manats ($425.8 million)].

In the structure of state budget revenues, transfers from the State Oil Fund of Azerbaijan (SOFAZ) amount to 9.216 billion manats ($5.37 billion). Revenues from VAT are projected at 4.288 billion manats ($2.52 billion) [including 1.705 billion manats ($1.002 billion) on VAT from imported goods], income tax - 2.320 billion manats ($1.36 billion), tax on personal income - 1.196 billion manats ($703.49 million), excise tax - 726 million manats ($427.03 million) [including 172 million manats ($101.17 million) from excise taxes on imports of goods], customs duties - 535 million manats ($314.69 million), simplified tax - 380 million manats ($223.52 million), tax for the use of mineral wealth - 136 million manats ($79.99 million), road tax - 91 million manats ($53.53 million).

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